Chow Tai Fook (OTCMKTS:CJEWY) Shares Gap Up - Time to Buy?

Key Points

• CHOW TAI FOOK shares gapped up from $19.93 to $21.00 before the market opened, signaling a positive market reaction.
• The company recently increased its dividend to $0.3577 per share, up from $0.26, resulting in a yield of 315.0%.
• Chow Tai Fook operates a diverse jewelry business with a presence in several countries, including Mainland China, Canada, and the United States.

Chow Tai Fook (OTCMKTS:CJEWY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $19.93, but opened at $21.00. Chow Tai Fook shares last traded at $21.00, with a volume of 116 shares.

Chow Tai Fook Stock Performance

The business has a fifty day simple moving average of $18.16 and a 200 day simple moving average of $14.95.

Chow Tai Fook Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 7th were issued a $0.3577 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This is an increase from Chow Tai Fook's previous dividend of $0.26. This represents a dividend yield of 315.0%.

Chow Tai Fook Company Profile

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.