Hengan International Group (OTCMKTS:HEGIY) Shares Gap Down - Should You Sell?

Key Points

• Hengan International Group shares gapped down from a prior close of $16.32 to open at $15.68, and last traded at $16.20.
• The company has announced an increase in its dividend to $0.4175, set to be paid on October 27th, which represents a dividend yield of 522.0%.
• Hengan International Group maintains strong financial ratios with a debt-to-equity ratio of 0.11 and a current ratio of 1.43.

Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $16.32, but opened at $15.68. Hengan International Group shares last traded at $16.20, with a volume of 1,545 shares.

Hengan International Group Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $15.55 and a 200 day moving average price of $14.53.

Hengan International Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.4175 per share. This is a boost from Hengan International Group's previous dividend of $0.41. This represents a dividend yield of 522.0%. The ex-dividend date is Tuesday, September 9th.

Hengan International Group Company Profile

Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People's Republic of China and internationally. The company offers pocket handkerchiefs, box and soft tissue papers, kitchen towels/papers, toilet rolls, first-aid products, enema, garbage and food bags, preservation papers, table cloths and disposable toilet brush, sanitary napkins, pantiliners, overnight pants, wet tissues, maternal and child care products, adult and baby diapers, and cleansing products.