Weichai Power Co., Ltd. (OTCMKTS:WEICY – Get Rating)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.63 and traded as low as $10.20. Weichai Power shares last traded at $10.36, with a volume of 91,230 shares.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. raised shares of Weichai Power from an "underweight" rating to an "overweight" rating in a report on Tuesday, May 31st.
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The stock's 50-day moving average price is $11.63 and its 200 day moving average price is $11.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.39.
Weichai Power Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, September 12th. Stockholders of record on Thursday, July 28th will be paid a dividend of $0.174 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a dividend yield of 2.88%.Weichai Power Company Profile
(Get Rating)
Weichai Power Co, Ltd. manufactures and sells diesel engines, automobiles, and other automobile components in China and internationally. It operates through Engines, Automobiles and Automobile Components, and Intelligent Logistics segments. The company provides design, development, production, sale, repair, and import and export of engines and auxiliary products, automobile axles and components, and gearboxes and components; hydraulic pumps and motors; hydraulic valves; gears and gear transmission devices; ancillary casting and casting products of hydraulic components; internal combustion engines, energy powertrain systems and ancillary products; technical consultation and technical services; leasing of self-owned houses; steel; business management services; forklift trucks; and warehousing technology and supply chain solution services.
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