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China Resources Cement (OTCMKTS:CARCY) Shares Gap Up - Still a Buy?

China Resources Cement logo with Construction background

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.01, but opened at $7.00. China Resources Cement shares last traded at $7.00, with a volume of 501 shares traded.

China Resources Cement Price Performance

The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 35.74 and a beta of 0.07. The business's 50 day simple moving average is $6.03 and its 200 day simple moving average is $6.10.

China Resources Cement (OTCMKTS:CARCY - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $636.24 million for the quarter. China Resources Cement had a net margin of 1.48% and a return on equity of 0.73%.

China Resources Cement Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 7th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.0307 per share. This represents a yield of 1.54%. The ex-dividend date is Friday, June 6th. China Resources Cement's dividend payout ratio is currently 31.58%.

China Resources Cement Company Profile

(Get Free Report)

China Resources Building Materials Technology Holdings Limited, an investment holding company, manufactures and sells cement, concrete, aggregates, and related products and services in Mainland China. It operates through Cement, Concrete, and Aggregates and Others segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.

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