Galp Energia, SGPS (OTCMKTS:GLPEY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.41 and traded as low as $8.50. Galp Energia, SGPS shares last traded at $8.58, with a volume of 30,124 shares trading hands.

Galp Energia, SGPS Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. The company has a 50-day moving average price of $9.37 and a 200-day moving average price of $10.05. The firm has a market capitalization of $13.27 billion, a P/E ratio of 9.13 and a beta of 0.49.

Galp Energia, SGPS Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.1553 per share. This is a positive change from Galp Energia, SGPS’s previous dividend of $0.15. The ex-dividend date was Monday, August 19th. Galp Energia, SGPS’s payout ratio is presently 14.89%.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.