CK Hutchison (OTCMKTS:CKHUY) Shares Pass Below Fifty Day Moving Average - Here's Why

CK Hutchison Holdings Limited (OTCMKTS:CKHUY - Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

Analysts Set New Price Targets

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

CK Hutchison Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.07 and a current ratio of 1.22. The business has a 50-day moving average of $5.53 and a two-hundred day moving average of $5.39.

CK Hutchison Increases Dividend

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

About CK Hutchison

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.