Orient Overseas International (OTCMKTS:OROVY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Orient Overseas International Ltd. (OTCMKTS:OROVY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $85.26 and traded as low as $84.80. Orient Overseas International shares last traded at $84.80, with a volume of 1,013 shares.

Orient Overseas International Trading Down 1.3%

The business’s 50 day moving average price is $85.26 and its 200-day moving average price is $74.56.

Orient Overseas International Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 3rd were given a $6.5721 dividend. The ex-dividend date of this dividend was 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.