China Merchants Holdings International (OTCMKTS:CMHHY) Shares Up 31.9% - Should You Buy?

Key Points

• China Merchants Holdings International shares surged by 31.9% on Thursday, reaching a high of $19.85, significantly increasing trading volume to 3,054 shares.
• The company announced a dividend of $0.7413 per share, up from the previous $0.28, resulting in a remarkable dividend yield of 923.0%.
• China Merchants operates as a port operator with activities across multiple regions including Mainland China, Brazil, and Hong Kong, focusing on various logistical and terminal operations.

China Merchants Holdings International Co. (OTCMKTS:CMHHY - )'s share price shot up 31.9% on Thursday . The company traded as high as $19.85 and last traded at $19.85. 3,054 shares changed hands during trading, an increase of 64,195% from the average session volume of 5 shares. The stock had previously closed at $15.05.

China Merchants Holdings International Stock Performance

The firm has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $16.77. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 0.11.

China Merchants Holdings International Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, June 10th were issued a dividend of $0.7413 per share. This is an increase from China Merchants Holdings International's previous dividend of $0.28. This represents a dividend yield of 923.0%. The ex-dividend date of this dividend was Monday, June 9th.

China Merchants Holdings International Company Profile

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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