Prysmian (OTCMKTS:PRYMY) Trading Down 1.5% – Time to Sell?

Prysmian S.p.A. (OTCMKTS:PRYMY)’s share price fell 1.5% on Monday . The stock traded as low as $34.51 and last traded at $34.59. 19,073 shares were traded during trading, a decline of 81% from the average session volume of 101,287 shares. The stock had previously closed at $35.13.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PRYMY. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Prysmian in a research note on Tuesday, June 24th. They issued a “buy” rating for the company.

Prysmian Stock Down 1.5%

The business’s 50 day moving average is $32.01 and its 200 day moving average is $31.31.

Prysmian Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were paid a $0.2385 dividend. This is an increase from Prysmian’s previous dividend of $0.23. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 0.92%. Prysmian’s payout ratio is 34.59%.

About Prysmian

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.