Eurocash (OTCMKTS:EUSHY) Trading Down 8.4%

Eurocash S.A. (OTCMKTS:EUSHY) shares fell 8.4% during mid-day trading on Friday . The stock traded as low as $3.71 and last traded at $3.71. 100 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 140 shares. The stock had previously closed at $4.05.

Analysts Set New Price Targets

Separately, Citigroup lowered Eurocash from a “neutral” rating to a “sell” rating in a research note on Thursday, June 29th.

Eurocash Stock Down 8.4 %

The business has a 50 day moving average of $4.05 and a 200 day moving average of $3.75.

Eurocash Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, June 26th were issued a $0.0611 dividend. The ex-dividend date was Friday, June 23rd. This represents a yield of 1.51%. Eurocash’s dividend payout ratio (DPR) is 43.88%.

About Eurocash

Eurocash SA engages in the wholesale distribution of food and other fast moving consumer goods (FMCG) in Poland. The company operates through Wholesale, Retail, and Projects segments. Its FMCG products include food products, soft drinks, alcoholic beverages, tobacco products, and household chemicals and cosmetics.