Genting Singapore (OTCMKTS:GIGNY) Trading Down 6.1% – Time to Sell?

Genting Singapore Limited (OTCMKTS:GIGNY)’s stock price was down 6.1% on Thursday . The stock traded as low as $27.50 and last traded at $27.50. Approximately 356 shares were traded during trading, a decline of 56% from the average daily volume of 812 shares. The stock had previously closed at $29.30.

Genting Singapore Stock Performance

The firm has a 50 day simple moving average of $29.76 and a two-hundred day simple moving average of $28.79.

Genting Singapore Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th were given a dividend of $0.728 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a dividend yield of 468.0%. This is a boost from Genting Singapore’s previous dividend of $0.71.

About Genting Singapore

Genting Singapore Limited, an investment holding company, primarily engages in the construction, development, and operation of integrated resort destinations in Asia. The company owns Resorts World Sentosa, a destination resort located on Singapore's resort island of Sentosa featuring S.E.A. Aquarium, an aquarium; Adventure Cove Waterpark, an aquatic park integrated with marine life; Universal Studios Singapore, a Universal Studios theme park; ESPA, a destination spa; indoor and outdoor MICE venues; and various dining, retail, and entertainment options.