China Resources Building Materials Technology (OTCMKTS:CARCY) Trading Down 6.4% – Here’s What Happened

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) dropped 6.4% on Monday . The company traded as low as $7.60 and last traded at $7.60. Approximately 393 shares were traded during trading, a decline of 82% from the average daily volume of 2,232 shares. The stock had previously closed at $8.12.

China Resources Building Materials Technology Price Performance

The business has a 50-day moving average of $6.94 and a two-hundred day moving average of $6.11. The company has a market cap of $1.77 billion, a P/E ratio of 17.27 and a beta of 0.07.

China Resources Building Materials Technology (OTCMKTS:CARCY) last released its quarterly earnings results on Friday, August 16th. The company reported $0.11 earnings per share for the quarter. China Resources Building Materials Technology had a net margin of 0.80% and a return on equity of 0.38%. The business had revenue of $706.85 million for the quarter. Equities analysts anticipate that China Resources Building Materials Technology Holdings Limited will post 0.07 EPS for the current fiscal year.

China Resources Building Materials Technology Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, September 13th will be issued a $0.0616 dividend. This is a positive change from China Resources Building Materials Technology’s previous dividend of $0.02. The ex-dividend date of this dividend is Friday, September 13th. China Resources Building Materials Technology’s payout ratio is currently 27.27%.

About China Resources Building Materials Technology

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.