CHS (NASDAQ:CHSCL) Stock Crosses Below Fifty Day Moving Average – What’s Next?

CHS Inc. (NASDAQ:CHSCL) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.90 and traded as low as $25.55. CHS shares last traded at $25.59, with a volume of 17,006 shares changing hands.

CHS Stock Up 0.1 %

The company has a fifty day simple moving average of $25.90 and a two-hundred day simple moving average of $25.94.

CHS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.4688 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.88 annualized dividend and a dividend yield of 7.33%.

Institutional Investors Weigh In On CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC increased its position in shares of CHS Inc. (NASDAQ:CHSCL) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,505 shares of the company’s stock after acquiring an additional 11,062 shares during the period. Moloney Securities Asset Management LLC’s holdings in CHS were worth $2,837,000 at the end of the most recent reporting period.

About CHS

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.