China Merchants Holdings International (OTCMKTS:CMHHY) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares of China Merchants Holdings International recently surpassed their 200-day moving average, trading as high as $19.80 while the average is $17.93.
• The company announced a dividend payout of $0.2732 per share, resulting in an extraordinary yield of 522.0%, with the payment scheduled for December 4th.
• China Merchants operates as a port operator across various regions, including Mainland China, Brazil, and Hong Kong, managing multiple segments like ports operation and logistics.

Shares of China Merchants Holdings International Co. (OTCMKTS:CMHHY - ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.93 and traded as high as $19.80. China Merchants Holdings International shares last traded at $19.80, with a volume of 261 shares changing hands.

China Merchants Holdings International Stock Performance

The business's 50-day simple moving average is $19.60 and its two-hundred day simple moving average is $17.93.

China Merchants Holdings International Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 4th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.2732 per share. This represents a yield of 522.0%. The ex-dividend date of this dividend is Monday, September 29th.

About China Merchants Holdings International

China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland China, Brazil, Hong Kong, Taiwan, and internationally. The company operates through Ports Operation, Bonded Logistics Operation, and Other Operations segments. It engages in the container, and bulk and general cargo terminal operation; logistic park operation, ports transportation, and airport cargo handling; and property development, holding, and investment activities.

This 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.