Shanghai Industrial (OTCMKTS:SGHIY) Sets New 12-Month High – Still a Buy?

Shanghai Industrial Holdings Limited (OTCMKTS:SGHIYGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $15.63 and last traded at $15.63, with a volume of 8 shares changing hands. The stock had previously closed at $15.63.

Shanghai Industrial Stock Performance

The stock has a 50-day simple moving average of $14.89 and a 200-day simple moving average of $14.21.

Shanghai Industrial Cuts Dividend

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

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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