Cielo (OTCMKTS:CIOXY) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Cielo S.A. (OTCMKTS:CIOXY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.84 and traded as high as $0.89. Cielo shares last traded at $0.84, with a volume of 59,100 shares trading hands.

Cielo Price Performance

The firm has a market cap of $2.26 billion, a P/E ratio of 5.25 and a beta of 1.01. The stock’s 50-day moving average is $0.84 and its 200-day moving average is $0.84. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.24.

Cielo Company Profile

Cielo SA, trading OTC as CIOXY, is one of Brazil’s foremost financial technology firms specializing in electronic payment solutions. Established in 1995 as VisaNet through a joint venture between Banco do Brasil and Bradesco, the company has evolved into the largest merchant acquirer in Brazil. Its core business revolves around the secure authorization, clearing and settlement of credit, debit and prepaid card transactions across multiple channels.

Cielo’s comprehensive suite of offerings includes point-of-sale terminals, mobile and contactless payment devices, and e-commerce gateways tailored for both in-store and online merchants.