CK Hutchison (OTCMKTS:CKHUY) Shares Pass Below 50-Day Moving Average - What's Next?

CK Hutchison Holdings Limited (OTCMKTS:CKHUY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.52 and traded as low as $5.40. CK Hutchison shares last traded at $5.59, with a volume of 220,771 shares traded.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of CK Hutchison from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 13th.

CK Hutchison Stock Performance

The company has a 50-day moving average of $5.52 and a 200-day moving average of $5.38. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.32.

CK Hutchison Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.1559 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This is a boost from CK Hutchison's previous dividend of $0.07. This represents a yield of 3.96%.

CK Hutchison Company Profile

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong and internationally. The company operates through four segments: Ports and Related Services, Retail, Infrastructure, and Telecommunications.