Vinci (OTCMKTS:VCISY) Hits New 12-Month Low – Here’s Why

Shares of Vinci SA (OTCMKTS:VCISY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $25.31 and last traded at $25.55, with a volume of 387563 shares. The stock had previously closed at $26.32.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised Vinci to a “moderate buy” rating in a research report on Tuesday, November 12th.

Vinci Stock Down 2.9 %

The company’s 50 day moving average is $27.96 and its 200 day moving average is $28.67.

Vinci Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.2897 per share. The ex-dividend date was Tuesday, October 15th.

About Vinci

Vinci SA, together with its subsidiaries, engages in concessions, energy, and construction businesses in France and internationally. The Concessions segment manages motorway concessions; operates airports; and highways, railways, and stadium. Its Energy segment provides services to the manufacturing sector, infrastructure, facilities management, and information and communication technology; and industrial and energy-related services, which includes development of renewable energy assets, as well as engineering, procurement, and construction projects in the energy sector.