CHS (NASDAQ:CHSCL) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of CHS Inc. (NASDAQ:CHSCL) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $25.80 and traded as low as $25.76. CHS shares last traded at $25.82, with a volume of 19,413 shares trading hands.

CHS Stock Performance

The company has a fifty day moving average price of $25.80 and a two-hundred day moving average price of $25.92.

CHS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Monday, March 17th.

Hedge Funds Weigh In On CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC grew its holdings in shares of CHS Inc. (NASDAQ:CHSCL) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,443 shares of the company’s stock after acquiring an additional 1,350 shares during the period. Moloney Securities Asset Management LLC’s holdings in CHS were worth $2,577,000 as of its most recent SEC filing.

CHS Company Profile

CHS Inc, an integrated agricultural company, engages in the provision of grains, food, and energy resources to businesses and consumers worldwide. It is involved in the operation of petroleum refineries and pipelines; the supply, marketing, and distribution of refined fuels; the blending, sale, and distribution of lubricants; and the supply of propane, asphalt, and other natural gas liquids.