Orient Overseas International (OTCMKTS:OROVY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Orient Overseas International Ltd. (OTCMKTS:OROVY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $82.14 and traded as high as $87.00. Orient Overseas International shares last traded at $87.00, with a volume of 138 shares.

Orient Overseas International Stock Performance

The company has a fifty day simple moving average of $82.14 and a 200-day simple moving average of $73.39.

Orient Overseas International Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $6.5721 per share. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 10.58%. This is a positive change from Orient Overseas International’s previous dividend of $3.08.

Orient Overseas International Company Profile

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, Australia, and North America. The company offers supply chain management services; and containerised shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades.