China Resources Building Materials Technology (OTCMKTS:CARCY) Shares Down 6.4% – Here’s Why

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY)’s share price dropped 6.4% on Monday . The stock traded as low as $7.60 and last traded at $7.60. Approximately 393 shares changed hands 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 Stock Down 6.4 %

The firm has a 50 day moving average of $6.94 and a 200-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 issued its earnings results on Friday, August 16th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $706.85 million during the quarter. China Resources Building Materials Technology had a return on equity of 0.38% and a net margin of 0.80%. On average, research analysts predict 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 firm also recently announced a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, September 13th will be given a dividend of $0.0616 per share. This is an increase 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 dividend payout ratio (DPR) is 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.