Sodexo (OTCMKTS:SDXOF) Stock Passes Below 200 Day Moving Average – Time to Sell?

Sodexo S.A. (OTCMKTS:SDXOF)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $89.60 and traded as low as $81.42. Sodexo shares last traded at $81.42, with a volume of 647 shares changing hands.

Sodexo Stock Performance

The stock’s 50-day moving average is $85.60 and its 200-day moving average is $89.45.

Sodexo Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 20th were issued a dividend of $2.65 per share. The ex-dividend date of this dividend was Thursday, December 19th. Sodexo’s dividend payout ratio (DPR) is 50.78%.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.