Umicore (OTCMKTS:UMICY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Umicore SA (OTCMKTS:UMICY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.99 and traded as low as $2.83. Umicore shares last traded at $2.84, with a volume of 305,741 shares changing hands.

Umicore Stock Performance

The business’s 50-day simple moving average is $2.99 and its two-hundred day simple moving average is $4.02.

Umicore Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.042 per share. The ex-dividend date of this dividend was Tuesday, August 20th. Umicore’s dividend payout ratio (DPR) is 40.18%.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.