Shanghai Industrial (OTCMKTS:SGHIY) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Shanghai Industrial's stock price has fallen below its fifty day moving average of $14.70, trading at $14.26 during recent sessions.
• The company will distribute a dividend of $0.5183 per share on October 27th, resulting in a significant dividend yield of 783.0%.
• Shanghai Industrial operates in sectors such as infrastructure, environmental protection, and healthcare across Hong Kong, China, and internationally.

Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIY - )'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.70 and traded as low as $14.26. Shanghai Industrial shares last traded at $14.26, with a volume of 0 shares trading hands.

Shanghai Industrial Stock Performance

The firm has a fifty day moving average of $14.70 and a 200 day moving average of $14.65. 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 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.5183 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a dividend yield of 783.0%.

About Shanghai Industrial

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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