CHOW TAI FOOK (OTCMKTS:CJEWY) Shares Gap Up - Still a Buy?

Key Points

• CHOW TAI FOOK's stock price gapped up from $17.00 to $18.13 before market opening, with a trading volume of 608 shares.
• The company declared an increased dividend of $0.3577, payable on September 4th, up from a previous dividend of $0.26, reflecting a substantial yield of 315.0%.
• The stock's fifty-day moving average is $16.96 and its 200-day moving average is $13.37, indicating a positive price trend.

CHOW TAI FOOK (OTCMKTS:CJEWY - )'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $17.00, but opened at $18.13. CHOW TAI FOOK shares last traded at $18.13, with a volume of 608 shares changing hands.

Chow Tai Fook Price Performance

The company's fifty day moving average is $16.96 and its 200-day moving average is $13.37.

CHOW TAI FOOK Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 7th will be issued a $0.3577 dividend. The ex-dividend date is Wednesday, August 6th. This is a positive change from CHOW TAI FOOK's previous dividend of $0.26. This represents a yield of 315.0%.

About CHOW TAI FOOK

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, Taiwan, Cambodia, Canada, Korea, Japan, Malaysia, the Philippines, Singapore, Thailand, the United States, and Vietnam. The company offers gem-set, platinum and k-gold jewelry, and gold jewelry and products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brands.

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.