Freehold Royalties (OTCMKTS:FRHLF) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Freehold Royalties Ltd. (OTCMKTS:FRHLF) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.97 and traded as low as $8.90. Freehold Royalties shares last traded at $8.93, with a volume of 42,098 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James began coverage on shares of Freehold Royalties in a research report on Friday, October 18th. They issued a “market perform” rating and a $16.00 price target on the stock.

Freehold Royalties Stock Performance

The firm’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $9.68.

Freehold Royalties Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.0628 per share. This represents a yield of 8.38%. The ex-dividend date of this dividend is Friday, January 31st. Freehold Royalties’s payout ratio is 181.76%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.