Shangri-La Asia Ltd. (OTCMKTS:SHALY – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $13.05, but opened at $11.43. Shangri-La Asia shares last traded at $11.44, with a volume of 501 shares changing hands.
Shangri-La Asia Price Performance
The company’s fifty day simple moving average is $11.57 and its 200 day simple moving average is $11.05.
Shangri-La Asia Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 29th were given a $0.1284 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a dividend yield of 348.0%.
About Shangri-La Asia
Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.
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