Iochpe-Maxion (OTCMKTS:IOCJY) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of Iochpe-Maxion S.A. (OTCMKTS:IOCJY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.57 and traded as low as $0.56. Iochpe-Maxion shares last traded at $0.56, with a volume of 15,701 shares.

Iochpe-Maxion Price Performance

The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.59. The firm’s fifty day simple moving average is $0.56 and its 200 day simple moving average is $0.75. The firm has a market cap of $258.14 million, a P/E ratio of 6.99 and a beta of 1.36.

Iochpe-Maxion Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, October 7th will be paid a dividend of $0.0154 per share. The ex-dividend date of this dividend is Monday, October 7th. This is a positive change from Iochpe-Maxion’s previous dividend of $0.00. Iochpe-Maxion’s dividend payout ratio is presently 25.00%.

About Iochpe-Maxion

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.