Veolia Environnement (OTCMKTS:VEOEY) Trading 0.6% Higher – Here’s Why

Veolia Environnement SA (OTCMKTS:VEOEY)’s share price rose 0.6% during trading on Friday . The company traded as high as $17.30 and last traded at $17.22. Approximately 42,206 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 166,990 shares. The stock had previously closed at $17.12.

Wall Street Analysts Forecast Growth

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

Veolia Environnement Price Performance

The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.84 and a current ratio of 0.89. The company has a 50-day moving average of $17.36 and a 200 day moving average of $15.65.

Veolia Environnement Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 12th were given a dividend of $0.5412 per share. This represents a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, May 9th.

Veolia Environnement Company Profile

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.