Shangri-La Asia Ltd. (OTCMKTS:SHALY – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $13.05, but opened at $11.43. Shangri-La Asia shares last traded at $11.44, with a volume of 501 shares traded.
Shangri-La Asia Trading Down 12.3%
The firm’s 50-day moving average price is $11.57 and its 200 day moving average price is $11.05.
Shangri-La Asia Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 29th were issued a $0.1284 dividend. The ex-dividend date was Friday, September 26th. This represents a dividend yield of 348.0%.
Shangri-La Asia Company Profile
Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.
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