Shanghai Industrial (OTCMKTS:SGHIY) Share Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Shanghai Industrial Holdings Ltd.’s share price has recently surpassed its 50-day moving average of $14.65, reaching a high of $14.80 during trading.
• The company has announced an increase in its dividend to $0.6504 per share, translating to a dividend yield of 7.9%, up from the previous dividend of $0.52.
• Shanghai Industrial operates across various sectors including infrastructure, real estate, consumer products, and healthcare, with investments in toll road projects and water services.

Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIY - )'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.65 and traded as high as $14.80. Shanghai Industrial shares last traded at $14.80, with a volume of 0 shares changing hands.

Shanghai Industrial Stock Performance

The business's 50 day simple moving average is $14.65 and its two-hundred day simple moving average is $14.51. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.51.

Shanghai Industrial Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $0.6504 dividend. This represents a dividend yield of 7.9%. This is a positive change from Shanghai Industrial's previous dividend of $0.52. The ex-dividend date of this dividend was Thursday, June 5th.

Shanghai Industrial Company Profile

Shanghai Industrial Holdings Limited, an investment holding company, engages in the infrastructure and environmental protection, real estate, consumer products, and comprehensive healthcare operations businesses in Hong Kong, China, rest of Asia, and internationally. The company invests in toll road projects and water services/clean energy businesses.

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