Genting Malaysia Berhad (OTCMKTS:GMALY) Trading Up 7.1% – Here’s What Happened

Shares of Genting Malaysia Berhad (OTCMKTS:GMALY) were up 7.1% on Friday . The company traded as high as $15.00 and last traded at $15.00. Approximately 126 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 683 shares. The stock had previously closed at $14.00.

Genting Malaysia Berhad Price Performance

The stock has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $14.07.

Genting Malaysia Berhad (OTCMKTS:GMALY) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $564.25 million during the quarter.

Genting Malaysia Berhad Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, September 18th were paid a dividend of $0.3279 per share. The ex-dividend date was Wednesday, September 18th.

About Genting Malaysia Berhad

Genting Malaysia Berhad, together with its subsidiaries, engages in the leisure and hospitality business in Malaysia, the United Kingdom, Egypt, the United States, and the Bahamas. It operates through Leisure & Hospitality, and Properties segments. The Leisure & Hospitality segment comprises integrated resort activities, which include gaming, hotels, food and beverages, theme parks, and retail and entertainment attractions, as well as tours and travel related, and other supporting services.