Veolia Environnement (OTCMKTS:VEOEY) Shares Down 0.6% – Here’s What Happened

Veolia Environnement SA (OTCMKTS:VEOEY) fell 0.6% on Thursday . The company traded as low as $17.72 and last traded at $17.94. 176,461 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 182,273 shares. The stock had previously closed at $18.05.

Analyst Ratings Changes

VEOEY has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded Veolia Environnement to a “strong-buy” rating in a research report on Tuesday, March 18th. Citigroup downgraded Veolia Environnement from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 8th.

Veolia Environnement Price Performance

The stock has a 50-day moving average of $17.22 and a 200 day moving average of $15.49. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.34.

Veolia Environnement Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 12th will be issued a $0.5412 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 2.96%.

About Veolia Environnement

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. It operates through France and Special Waste Europe; Europe excluding France; Rest of the World; Water Technologies; and Other segments. The company is involved in resource management; customer relationship management; drinking water treatment and distribution; wastewater treatment; design and construction of treatment and network infrastructure; and sale of water treatment equipment, technologies, and facilities.