Shangri-La Asia (OTCMKTS:SHALY) Stock Price Up 4.8% - Still a Buy?

Key Points

• Shangri-La Asia Ltd. shares increased by 4.8%, closing at $11.00, with trading volume soaring to 100 shares, a significant rise from its average of 5 shares.
• The company raised its dividend to $0.2572, up from $0.13, resulting in an impressive yield of 358.0%.
• Shangri-La Asia operates a diverse portfolio, managing hotels and related properties, as well as investment and commercial properties worldwide.

Shangri-La Asia Ltd. (OTCMKTS:SHALY - Get Free Report)'s share price was up 4.8% during trading on Wednesday . The stock traded as high as $11.00 and last traded at $11.00. Approximately 100 shares changed hands during mid-day trading, an increase of 1,880% from the average daily volume of 5 shares. The stock had previously closed at $10.50.

Shangri-La Asia Price Performance

The business has a fifty day moving average price of $10.66 and a 200-day moving average price of $11.17. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.01.

Shangri-La Asia Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.2572 per share. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 358.0%. This is a boost from Shangri-La Asia's previous dividend of $0.13.

Shangri-La Asia Company Profile

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.