CHS (NASDAQ:CHSCP) Stock Passes Below Fifty Day Moving Average – Here’s Why

CHS Inc (NASDAQ:CHSCP)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.90 and traded as low as $26.56. CHS shares last traded at $26.64, with a volume of 23,647 shares changing hands.

CHS Trading Up 0.4%

The company has a current ratio of 1.47, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $26.87 and a 200 day moving average price of $27.56.

CHS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.5%. The ex-dividend date is Wednesday, September 16th.

About CHS

CHS Inc (NASDAQ: CHSCP) is a global agribusiness cooperative owned by farmers, ranchers and cooperatives across the United States. The company operates through two primary segments: energy and agriculture. In its energy segment, CHS markets refined fuels, lubricants, propane and renewable energy products under the Cenex® brand and supplies wholesale fuel to a network of branded and unbranded retail sites. Its agriculture segment provides grain marketing, oilseed processing, crop nutrients, agronomy services and risk management solutions to producers in North America and key global markets.

The company’s product portfolio spans a wide range of offerings designed to support food and energy supply chains.