Chow Tai Fook (OTCMKTS:CJEWY) Trading 0.9% Higher - Still a Buy?

Key Points

• Chow Tai Fook's stock rose 0.9% to $18.30, with a significant drop in trading volume, down 89% compared to average daily shares exchanged.
• The company announced a dividend increase to $0.3577 per share, a positive change from the previous $0.26, offering a yield of 315.0%.
• Chow Tai Fook operates in the jewelry market, selling products under multiple brand names including CHOW TAI FOOK, and serves various regions including China, the U.S., and Southeast Asia.

Chow Tai Fook (OTCMKTS:CJEWY - )'s stock price rose 0.9% during trading on Monday . The company traded as high as $18.30 and last traded at $18.30. Approximately 103 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 897 shares. The stock had previously closed at $18.13.

Chow Tai Fook Stock Performance

The business's 50 day simple moving average is $17.14 and its two-hundred day simple moving average is $13.62.

Chow Tai Fook Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 7th will be issued a $0.3577 dividend. This is a positive change from Chow Tai Fook's previous dividend of $0.26. This represents a yield of 315.0%. The ex-dividend date of this dividend is Wednesday, August 6th.

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.