China Resources Power (OTCMKTS:CRPJY) Stock Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• China Resources Power Holdings Co. stock fell below its 50-day moving average of $37.42, trading at $36.99, representing a decline of 1.8%.
• The company announced a dividend of $0.6103, which reflects an extraordinary yield of 489.0% for shareholders of record as of September 12th.
• China Resources Power operates in both thermal power and renewable energy, managing various types of power plants including coal and gas-fired, wind, and hydroelectric facilities.

Shares of China Resources Power Holdings Co. (OTCMKTS:CRPJY - ) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $37.42 and traded as low as $36.99. China Resources Power shares last traded at $36.99, with a volume of 0 shares.

China Resources Power Stock Down 1.8%

The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.17. The company has a 50 day simple moving average of $37.42 and a two-hundred day simple moving average of $35.87.

China Resources Power Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, September 12th will be paid a $0.6103 dividend. This represents a yield of 489.0%. The ex-dividend date is Thursday, September 11th.

China Resources Power Company Profile

China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People's Republic of China. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects.

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