Chow Tai Fook Jewellery Group (OTCMKTS:CJEWY) Stock Price Down 3.5% – Here’s Why

Chow Tai Fook Jewellery Group Limited (OTCMKTS:CJEWY)’s share price fell 3.5% during trading on Monday . The company traded as low as $8.50 and last traded at $8.50. 283 shares traded hands during trading, a decline of 74% from the average session volume of 1,068 shares. The stock had previously closed at $8.81.

Chow Tai Fook Jewellery Group Stock Performance

The stock’s 50 day simple moving average is $9.12 and its 200-day simple moving average is $9.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.25 and a current ratio of 1.38.

Chow Tai Fook Jewellery Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 11th will be issued a $0.257 dividend. The ex-dividend date of this dividend is Wednesday, December 11th.

Chow Tai Fook Jewellery Group Company Profile

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, Taiwan, Cambodia, Canada, Korea, Japan, Malaysia, the Philippines, Singapore, Thailand, the United States, and Vietnam. The company offers gem-set, platinum and k-gold jewelry, and gold jewelry and products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brands.