CHOW TAI FOOK J/ADR (OTCMKTS:CJEWY) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of CHOW TAI FOOK J/ADR (OTCMKTS:CJEWY) from a hold rating to a sell rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Chow Tai Fook Jewellery Group manufactures and sells jewelry products. The Company sells rings, necklaces, earrings, pendants, bracelets and small statues. It operates primarily in China, Hong Kong, Macau, Taiwan, Malaysia and Singapore. Chow Tai Fook Jewellery Group is headquartered in Central, Hong Kong. “

OTCMKTS CJEWY traded up $0.22 during trading hours on Monday, hitting $9.46. 1,569 shares of the company were exchanged, compared to its average volume of 3,963. CHOW TAI FOOK J/ADR has a 52 week low of $6.24 and a 52 week high of $11.12. The stock has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.65. The stock has a market cap of $9.24 billion, a PE ratio of 25.57 and a beta of 1.12.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, August 4th will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, August 3rd. CHOW TAI FOOK J/ADR’s dividend payout ratio is presently 72.97%.

About CHOW TAI FOOK J/ADR

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products. The company offers high-end luxury, mass luxury, and youth line jewelry products, including gem-set, gold, and platinum/karat gold products under the Chow Tai Fook, Hearts On Fire, MONOLOGUE, and SOINLOVE brands.

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