Macquarie Group (OTCMKTS:MQBKY) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Macquarie Group Limited (OTCMKTS:MQBKY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $145.26 and traded as low as $136.55. Macquarie Group shares last traded at $137.00, with a volume of 8,933 shares changing hands.

Wall Street Analyst Weigh In

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

Macquarie Group Price Performance

The stock has a 50 day moving average price of $146.34 and a 200-day moving average price of $145.34.

Macquarie Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors 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 payout ratio is currently 77.74%.

About Macquarie Group

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.