Elders (OTCMKTS:EDESY) Stock Price Down 10.8% – Should You Sell?

Elders Limited (OTCMKTS:EDESY)’s share price dropped 10.8% during trading on Tuesday . The company traded as low as $26.00 and last traded at $26.00. Approximately 100 shares were traded during mid-day trading, The stock had previously closed at $29.14.

Elders Stock Down 10.8 %

The firm has a 50 day moving average price of $29.08 and a two-hundred day moving average price of $29.50.

Elders Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 10th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.4101 per share. This is a boost from Elders’s previous dividend of $0.30. The ex-dividend date is Wednesday, December 18th.

Elders Company Profile

Elders Limited provides agricultural products and services to rural and regional customers primarily in Australia. The company operates through Branch Network, Wholesale Products, and Feed and Processing Services segments. It supplies rural farm inputs, such as seeds, fertilizers, agricultural chemicals, animal health products, and general rural merchandise, as well as professional production and cropping advisory services; and provides retail services through corporate owned stores and through the Ag, Horse, and Pet brand names to independently owned member stores.