Longfor Group (OTCMKTS:LGFRY) Shares Down 2.4% – Should You Sell?

Longfor Group Holdings Limited (OTCMKTS:LGFRY)’s share price fell 2.4% during trading on Tuesday . The stock traded as low as C$12.75 and last traded at C$12.89. 8,172 shares traded hands during trading, a decline of 61% from the average session volume of 20,747 shares. The stock had previously closed at C$13.21.

Longfor Group Trading Down 2.4 %

The firm has a 50-day moving average of C$12.81 and a two-hundred day moving average of C$13.71.

Longfor Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.3034 per share. This is a positive change from Longfor Group’s previous dividend of $0.28. The ex-dividend date is Tuesday, February 25th.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.