China Resources Cement (OTCMKTS:CARCY) Shares Down 0.5% - Here's Why

Shares of China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY - Get Free Report) traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $5.98 and last traded at $5.98. 3 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 8 shares. The stock had previously closed at $6.01.

China Resources Cement Trading Down 0.5%

The stock has a market cap of $1.39 billion, a P/E ratio of 31.46 and a beta of 0.07. The stock's 50-day moving average is $6.03 and its 200-day moving average is $6.13.

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

China Resources Cement Cuts Dividend

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

About China Resources Cement

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.