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

Shanghai Industrial Holdings Limited (OTCMKTS:SGHIYGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $15.63 and last traded at $15.63, with a volume of 1678 shares. The stock had previously closed at $14.50.

Shanghai Industrial Price Performance

The stock’s fifty day simple moving average is $14.13 and its two-hundred day simple moving average is $13.88.

Shanghai Industrial Cuts Dividend

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

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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