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Metallurgical Corp. of China (OTCMKTS:MLLUY) Sets New 1-Year High - Here's What Happened

Metallurgical Corp. of China logo with Construction background

Key Points

  • Metallurgical Corp. of China shares hit a new 52-week high of $5.90, reflecting an increase of 11.0% from the previous close of $5.31.
  • The company reported a quarterly earnings per share of $0.03 and a significant revenue of $15.94 billion.
  • Despite recent performance, the firm has a dividend payout ratio of 13.70%, with a yield of 286.0% on its recent dividend declared on August 29th.
  • MarketBeat previews the top five stocks to own by October 1st.

Metallurgical Corp. of China Ltd. (OTCMKTS:MLLUY - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $5.90 and last traded at $5.90, with a volume of 301 shares changing hands. The stock had previously closed at $5.31.

Metallurgical Corp. of China Trading Up 11.0%

The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market cap of $6.11 billion, a P/E ratio of 8.08 and a beta of 0.70. The firm's 50-day moving average price is $4.47 and its 200-day moving average price is $4.08.

Metallurgical Corp. of China (OTCMKTS:MLLUY - Get Free Report) last announced its quarterly earnings results on Friday, August 29th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $15.94 billion for the quarter.

Metallurgical Corp. of China Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, July 29th were paid a dividend of $0.1092 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a yield of 286.0%. Metallurgical Corp. of China's dividend payout ratio is presently 13.70%.

About Metallurgical Corp. of China

(Get Free Report)

Metallurgical Corporation of China Ltd., together with its subsidiaries, engages in the engineering contracting, property development, equipment manufacture, and resource development businesses in China and internationally. The company's Engineering Contracting segment offers engineering, construction, and other related contracting services for metallurgical and non-metallurgical projects.

Further Reading

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