Guangdong Investment (OTCMKTS:GGDVY) Stock Price Down 4.2% – Time to Sell?

Shares of Guangdong Investment Limited (OTCMKTS:GGDVY) fell 4.2% during trading on Monday . The company traded as low as $37.51 and last traded at $37.51. 238 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 187 shares. The stock had previously closed at $39.14.

Guangdong Investment Price Performance

The business has a 50 day moving average price of $38.31 and a 200 day moving average price of $35.66.

Guangdong Investment Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a $0.2056 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a yield of 6.58%. Guangdong Investment’s dividend payout ratio (DPR) is presently 30.15%.

Guangdong Investment Company Profile

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses. The company's Water Resources segment provides water distribution, sewage treatment, water pipeline installation and consultancy services, constructs water supply and sewage treatment infrastructure, and sells machineries in Mainland China and Hong Kong.