Macquarie Group (OTCMKTS:MQBKY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Macquarie Group Limited (OTCMKTS:MQBKY)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $146.04 and traded as low as $143.84. Macquarie Group shares last traded at $144.16, with a volume of 24,758 shares.

Analyst Ratings Changes

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

Macquarie Group Stock Performance

The company has a 50 day moving average of $144.38 and a 200 day moving average of $146.04.

Macquarie Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.7113 per share. The ex-dividend date was Tuesday, November 12th. Macquarie Group’s dividend payout ratio is currently 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.