Iochpe-Maxion (OTCMKTS:IOCJY) Stock Price Up 10% – Should You Buy?

Shares of Iochpe-Maxion S.A. (OTCMKTS:IOCJY) rose 10% during mid-day trading on Tuesday . The stock traded as high as $0.55 and last traded at $0.55. Approximately 1,000 shares traded hands during trading, a decline of 56% from the average daily volume of 2,282 shares. The stock had previously closed at $0.50.

Iochpe-Maxion Price Performance

The company’s 50-day moving average price is $0.63 and its 200-day moving average price is $0.76. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.59 and a quick ratio of 1.07. The company has a market cap of $253.89 million, a P/E ratio of 6.88 and a beta of 1.32.

Iochpe-Maxion Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, October 7th will be given a dividend of $0.0154 per share. This is an increase from Iochpe-Maxion’s previous dividend of $0.00. The ex-dividend date is Monday, October 7th. Iochpe-Maxion’s dividend payout ratio is currently 25.00%.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.