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Shanghai Industrial (OTCMKTS:SGHIY) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

Shanghai Industrial logo with Multi-Sector Conglomerates background

Key Points

  • Shanghai Industrial Holdings Ltd. shares surpassed its fifty-day moving average of $14.70, trading at $14.80 during recent sessions.
  • The company announced a dividend of $0.5183 per share, set to be paid on October 27th, with a notable yield of 783.0%.
  • Shanghai Industrial operates across various sectors including infrastructure, environmental protection, and healthcare, primarily in Hong Kong and China.
  • Interested in Shanghai Industrial? Here are five stocks we like better.

Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIY - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.70 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 Trading Up 3.8%

The company has a 50-day moving average of $14.70 and a 200-day moving average of $14.65.

Shanghai Industrial Cuts Dividend

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

Shanghai Industrial Company Profile

(Get Free Report)

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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