ASX (OTCMKTS:ASXFY) Shares Down 2.9% – Time to Sell?

ASX Limited (OTCMKTS:ASXFY)’s share price dropped 2.9% during trading on Friday . The stock traded as low as $42.35 and last traded at $42.40. Approximately 7,264 shares were traded during trading, a decline of 72% from the average daily volume of 25,884 shares. The stock had previously closed at $43.66.

ASX Price Performance

The firm’s 50 day simple moving average is $40.52 and its 200-day simple moving average is $42.32.

ASX Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Monday, February 24th will be issued a dividend of $0.697 per share. The ex-dividend date is Monday, February 24th. This is a positive change from ASX’s previous dividend of $0.66. ASX’s dividend payout ratio is currently 83.79%.

ASX Company Profile

ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. The company provides education programs, research and insights, investor access and peer group networking; distribution facility for quoted exchange traded funds (ETFs) and debt securities. It is also involved in the trading of futures and options on interest rate, equity index, agricultural and energy products, and options over individual securities; cash market trading of equities, warrants, exchange-traded funds, and debt securities; and clearing of exchange-traded derivatives and over-the-counter interest rate and equity derivatives.