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China Merchants Holdings International (OTCMKTS:CMHHY) Stock Price Passes Below Fifty Day Moving Average - Should You Sell?

China Merchants Holdings International logo with Multi-Sector Conglomerates background

Key Points

  • China Merchants Holdings International's stock price has fallen below its 50-day moving average of $19.66, trading recently at $19.40.
  • The company has announced a dividend of $0.2732, which will provide a dividend yield of 522.0% for shareholders of record as of September 30th.
  • China Merchants Port Holdings operates as a port operator with activities in Mainland China, Brazil, Hong Kong, and Taiwan, involved in various logistics and property development sectors.
  • MarketBeat previews the top five stocks to own by November 1st.

China Merchants Holdings International Co. (OTCMKTS:CMHHY - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.66 and traded as low as $19.40. China Merchants Holdings International shares last traded at $19.40, with a volume of 0 shares traded.

China Merchants Holdings International Trading Up 1.7%

The stock's fifty day simple moving average is $19.66 and its 200-day simple moving average is $17.80.

China Merchants Holdings International Cuts Dividend

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

About China Merchants Holdings International

(Get Free Report)

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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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.

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