China Resources Cement (OTCMKTS:CARCY) Shares Gap Down – Time to Sell?

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $7.06, but opened at $6.26. China Resources Cement shares last traded at $6.26, with a volume of 462 shares trading hands.

China Resources Cement Price Performance

The stock has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $6.65. The company has a current ratio of 0.58, a quick ratio of 0.43 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.46 billion, a PE ratio of 48.16 and a beta of -0.05.

China Resources Cement (OTCMKTS:CARCY) last issued its earnings results on Friday, October 24th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $679.60 million during the quarter. China Resources Cement had a net margin of 1.04% and a return on equity of 0.51%.

China Resources Cement Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, September 15th were paid a dividend of $0.0426 per share. This represents a dividend yield of 108.0%. This is a positive change from China Resources Cement’s previous dividend of $0.03. The ex-dividend date was Friday, September 12th. China Resources Cement’s payout ratio is currently 61.54%.

About China Resources Cement

China Resources Building Materials Technology Holdings Limited, an investment holding company, manufactures and sells cement, concrete, aggregates, and related products and services in Mainland China. It operates through Cement, Concrete, and Aggregates and Others segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.