Danieli & C. Officine Meccaniche (OTCMKTS:DNIYY) Trading Down 1.2% – Here’s Why

Danieli & C. Officine Meccaniche S.p.A. (OTCMKTS:DNIYY) traded down 1.2% during mid-day trading on Friday . The stock traded as low as $28.78 and last traded at $28.78. 1 shares traded hands during 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 Price Performance

The business has a fifty day moving average of $29.12 and a 200-day moving average of $28.34.

Danieli & C. Officine Meccaniche Increases Dividend

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

About Danieli & C. Officine Meccaniche

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.