Commonwealth Bank of Australia (OTCMKTS:CMWAY) Shares Gap Down – Here’s Why

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $110.63, but opened at $106.01. Commonwealth Bank of Australia shares last traded at $109.52, with a volume of 2,135 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Commonwealth Bank of Australia from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Commonwealth Bank of Australia Trading Down 1.1%

The stock’s 50 day simple moving average is $114.10 and its 200-day simple moving average is $108.11. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.10 and a current ratio of 1.10.

Commonwealth Bank of Australia Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, August 26th will be paid a $1.6817 dividend. The ex-dividend date is Monday, August 25th. This is an increase from Commonwealth Bank of Australia’s previous dividend of $1.41. This represents a dividend yield of 282.0%.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.