Guangdong Investment (OTCMKTS:GGDVY) Stock Price Up 27.1% – Should You Buy?

Guangdong Investment Limited (OTCMKTS:GGDVY)’s stock price was up 27.1% during trading on Monday . The company traded as high as $38.10 and last traded at $38.10. Approximately 453 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 2,082 shares. The stock had previously closed at $29.97.

Guangdong Investment Stock Up 27.1 %

The company has a fifty day moving average of $27.29 and a two-hundred day moving average of $27.18.

Guangdong Investment Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 10th will be paid a dividend of $1.487 per share. This is a positive change from Guangdong Investment’s previous dividend of $0.74. The ex-dividend date of this dividend is Thursday, October 10th. Guangdong Investment’s payout ratio is presently 30.15%.

About Guangdong Investment

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses. The company's Water Resources segment provides water distribution, sewage treatment, water pipeline installation and consultancy services, constructs water supply and sewage treatment infrastructure, and sells machineries in Mainland China and Hong Kong.