Shanghai Industrial (OTCMKTS:SGHIY) Hits New 12-Month Low – Here’s Why

by · The Cerbat Gem

Shanghai Industrial Holdings Limited (OTCMKTS:SGHIY – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.50 and last traded at $14.50, with a volume of 0 shares changing hands. The stock had previously closed at $14.50.

Shanghai Industrial Stock Performance

The company has a 50-day moving average of $14.01 and a 200-day moving average of $13.80.

Shanghai Industrial Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, September 24th will be paid a $0.5186 dividend. The ex-dividend date is Monday, September 23rd. This represents a yield of 8.37%.

About Shanghai Industrial

(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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