Tesco (OTCMKTS:TSCDY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Tesco PLC (OTCMKTS:TSCDY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.18 and traded as low as $14.02. Tesco shares last traded at $14.11, with a volume of 97,843 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on TSCDY shares. BNP Paribas assumed coverage on Tesco in a research note on Friday. They issued an “outperform” rating on the stock. Sanford C. Bernstein raised shares of Tesco to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Citigroup upgraded shares of Tesco to a “strong-buy” rating in a report on Friday, September 13th.

Tesco Stock Up 0.1 %

The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $14.20 and a 200 day moving average price of $12.66.

Tesco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.1692 per share. The ex-dividend date of this dividend is Tuesday, October 15th.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.