Shanghai Industrial (OTCMKTS:SGHIY) Reaches New 1-Year High – Still a Buy?

Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIYGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.65 and last traded at $21.65, with a volume of 130 shares traded. The stock had previously closed at $21.06.

Shanghai Industrial Trading Up 8.8%

The business’s fifty day simple moving average is $15.25 and its 200 day simple moving average is $14.89.

Shanghai Industrial Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, September 26th were paid a dividend of $0.5183 per share. This represents a dividend yield of 783.0%. The ex-dividend date of this dividend was 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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