China Resources Cement (OTCMKTS:CARCY) Shares Gap Up - Here's What Happened

Key Points

• China Resources Cement shares opened at $7.40, up from a previous close of $6.79, indicating a 9% increase prior to trading.
• The company has announced a dividend of $0.0307 per share, with a yield of 1.54% and a dividend payout ratio of 31.58%.
• China Resources Cement has a market capitalization of $1.72 billion and possesses a low beta of 0.07, suggesting stability in its stock price.

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $6.79, but opened at $7.40. China Resources Cement shares last traded at $7.40, with a volume of 214 shares traded.

China Resources Cement Price Performance

The firm's 50-day moving average is $6.29 and its 200-day moving average is $6.21. The company has a market capitalization of $1.72 billion, a PE ratio of 38.95 and a beta of 0.06.

China Resources Cement Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, August 7th. Shareholders of record on Monday, June 9th will be paid a $0.0307 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 154.0%. China Resources Cement's payout ratio is currently 31.58%.

China Resources Cement Company Profile

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.