China Merchants Holdings International (OTCMKTS:CMHHY) Shares Pass Below 50-Day Moving Average - Here's Why

Key Points

• China Merchants Holdings International shares have fallen below their 50-day moving average of $19.41, trading at $19.40 with no shares changing hands on the reported day.
• The company recently announced a dividend of $0.2732 per share, which will yield an impressive 522.0% for shareholders of record.
• China Merchants Holdings operates as a port operator across multiple countries including Mainland China, Brazil, Hong Kong, and Taiwan, providing various logistics and property services.

China Merchants Holdings International Co. (OTCMKTS:CMHHY - )'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $19.41 and traded as low as $19.40. China Merchants Holdings International shares last traded at $19.40, with a volume of 0 shares trading hands.

China Merchants Holdings International Price Performance

The stock has a 50 day simple moving average of $19.41 and a 200-day simple moving average of $17.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.68 and a current ratio of 0.69.

China Merchants Holdings International Cuts Dividend

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

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.

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