Danieli & C. Officine Meccaniche (OTCMKTS:DNIYY) Shares Down 1.2% – Should You Sell?

Danieli & C. Officine Meccaniche S.p.A. (OTCMKTS:DNIYY)’s share price fell 1.2% on Friday . The stock traded as low as $28.78 and last traded at $28.78. 1 shares were traded during mid-day trading, a decline of 100% from the average session volume of 2,233 shares. The stock had previously closed at $29.13.

Danieli & C. Officine Meccaniche Trading Down 1.2 %

The company has a 50 day moving average of $29.12 and a two-hundred day moving average of $28.34.

Danieli & C. Officine Meccaniche Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be paid a $0.3548 dividend. The ex-dividend date is Tuesday, November 19th. This is a boost from Danieli & C. Officine Meccaniche’s previous dividend of $0.23. Danieli & C. Officine Meccaniche’s payout ratio is currently 9.18%.

Danieli & C. Officine Meccaniche Company Profile

Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia. It operates through two segments, Plant Making and Steel Making. The company designs and builds plants for various process areas, including mines; pellet production plants; blast furnaces; direct reduction; scrap shredders; steelworks for production of liquid steel; and continuous casting for blooms and billets, slabs, and thin slabs.