Macquarie Group (OTCMKTS:MQBKY) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Macquarie Group Limited (OTCMKTS:MQBKY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $145.61 and traded as low as $140.74. Macquarie Group shares last traded at $140.89, with a volume of 13,376 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Macquarie Group from a “hold” rating to a “strong sell” rating in a research note on Sunday, October 13th.

Macquarie Group Stock Down 1.0 %

The stock’s 50 day simple moving average is $145.44 and its 200 day simple moving average is $145.61.

Macquarie Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, November 12th were paid a $1.7113 dividend. The ex-dividend date was Tuesday, November 12th. Macquarie Group’s dividend payout ratio is presently 77.74%.

Macquarie Group Company Profile

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital.