China Feihe (OTCMKTS:CFEIY) Shares Down 2.7% – What’s Next?

China Feihe Limited (OTCMKTS:CFEIY) shares dropped 2.7% on Monday . The stock traded as low as $7.29 and last traded at $7.29. Approximately 210 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 4,248 shares. The stock had previously closed at $7.49.

China Feihe Price Performance

The business’s 50 day moving average price is $7.34 and its 200-day moving average price is $5.79.

China Feihe Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.1675 per share. The ex-dividend date of this dividend was Thursday, September 19th. This is a boost from China Feihe’s previous dividend of $0.15.

China Feihe Company Profile

China Feihe Limited, an investment holding company, produces and sells infant milk formula products in Mainland China, Canada, and the United States. It operates through two segments, Raw milk; and Dairy Products and Nutritional Supplements Products. The company provides a range of raw milk, adult milk powders, children's milk powder, liquid milk products, maternity milk powder, and health care products, as well as soybean powder and goat milk powder.