Fortescue (OTCMKTS:FSUGY) Hits New 1-Year Low at $21.50

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $21.50 and last traded at $21.76, with a volume of 269589 shares changing hands. The stock had previously closed at $22.62.Fortescue Trading Down 3.8 %The business has a fifty day moving average of $26.09 and a 200 day moving average of $30.60. Fortescue Cuts DividendThe company also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 9th will be issued a dividend of $1.1851 per share. The ex-dividend date is Monday, September 9th. Fortescue Company Profile (Get Free Report)Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.Featured StoriesFive stocks we like better than FortescueWhat Does Downgrade Mean in Investing?Why Block's Key Components Make It a Solid Investment ChoiceInsider Selling Explained: Can it Inform Your Investing Choices?Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?Trading Stocks: RSI and Why it's Useful4 Reasons to Consider Adding General Mills to Your PortfolioThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ ‘Wheels Are Falling Off’ the U.S. Stock Market (From Stansberry Research) (Ad)Should you invest $1,000 in Fortescue right now?Before you consider Fortescue, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortescue wasn't on the list.While Fortescue currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here