China Resources Cement (OTCMKTS:CARCY) Shares Down 3% – Here’s Why

China Resources Cement Holdings Ltd. Unsponsored ADR (OTCMKTS:CARCY) traded down 3% during trading on Monday . The company traded as low as $6.85 and last traded at $6.85. 1,040 shares were traded during trading, an increase of 133% from the average session volume of 446 shares. The stock had previously closed at $7.06.

China Resources Cement Stock Performance

The stock has a fifty day moving average price of $6.84 and a 200 day moving average price 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 firm has a market cap of $1.46 billion, a price-to-earnings ratio of 48.16 and a beta of -0.05.

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

China Resources Cement Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, November 10th. Investors of record on Monday, September 15th were issued a dividend of $0.0426 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a dividend yield of 108.0%. This is an increase from China Resources Cement’s previous dividend of $0.03. China Resources Cement’s payout ratio is currently 61.54%.

China Resources Cement Company Profile

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.