DFI Retail Group (OTCMKTS:DFIHY) Sets New 12-Month High - Should You Buy?

Key Points

• DFI Retail Group's share price reached a new 52-week high at $17.70, reflecting a 1.7% increase during trading.
• The company announced a dividend cut, with a payout of $0.14 per share scheduled for October 23rd, resulting in a staggering dividend yield of 1,478.0%.
• DFI Retail Group operates various retail segments, primarily grocery stores under brands such as Wellcome and 7-Eleven, highlighting its diverse market presence in Asia.

DFI Retail Group Holdings Limited - Unsponsored ADR (OTCMKTS:DFIHY - )'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $17.70 and last traded at $17.65, with a volume of 1100 shares trading hands. The stock had previously closed at $17.36.

DFI Retail Group Stock Up 1.7%

The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $16.34 and a 200 day simple moving average of $13.68.

DFI Retail Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Monday, August 25th will be issued a dividend of $0.14 per share. This represents a dividend yield of 1,478.0%. The ex-dividend date is Friday, August 22nd.

DFI Retail Group Company Profile

DFI Retail Group Holdings Limited operates as a retailer in Asia. The company operates through five segments: Food, Convenience, Health and Beauty, Home Furnishings, Restaurants, and Other Retailing. The company primarily operates grocery stores under the Wellcome, Yonghui, CS Fresh, Market Place, Giant, Hero, Cold Storage, Mercato, San Miu, Jasons, and Lucky brands; and convenience stores under the 7-Eleven brand.

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.