Shanghai Industrial (OTCMKTS:SGHIY) Hits New 52-Week Low – What’s Next?

Shanghai Industrial Holdings Ltd. (OTCMKTS:SGHIYGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $17.10 and last traded at $17.10, with a volume of 157 shares changing hands. The stock had previously closed at $20.30.

Shanghai Industrial Stock Down 15.8%

The business has a fifty day moving average price of $21.10 and a 200 day moving average price of $16.91. The company has a current ratio of 1.92, a quick ratio of 1.22 and a debt-to-equity ratio of 0.52.

About Shanghai Industrial

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Shanghai Industrial (OTCMKTS: SGHIY) is a Hong Kong-incorporated investment holding company and state-owned enterprise under the Shanghai Municipal Government. Established in the early 1990s, the company pursues a diversified set of business activities across property development, infrastructure investment and branded consumer products. Shanghai Industrial’s broad portfolio is centered on projects within China’s major urban centers, with a particular focus on Shanghai and its surrounding regions.

In its property segment, Shanghai Industrial engages in the development, sale and management of residential, commercial and mixed-use properties.

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