Iochpe-Maxion (OTCMKTS:IOCJY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Iochpe-Maxion S.A. (OTCMKTS:IOCJY)’s stock price crossed 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 Stock Performance

The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $258.14 million, a PE ratio of 6.99 and a beta of 1.36. The firm’s fifty day moving average is $0.57 and its 200-day moving average is $0.75.

Iochpe-Maxion Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, October 7th will be issued a $0.0154 dividend. This is a positive change from Iochpe-Maxion’s previous dividend of $0.00. The ex-dividend date of this dividend is Monday, October 7th. Iochpe-Maxion’s dividend payout ratio is currently 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.