The China Fund, Inc. (NYSE:CHN) spotted trading -4.11% off 52-week high price. On the other end, the stock has been noted 27.97% away from the low price over the last 52-weeks. The stock changed 1.82% to recent value of $20.75. The stock transacted 16177 shares during most recent day however it has an average volume of 13.82K shares. The company has 10.81M of outstanding shares.
The China Fund, Inc. (NYSE:CHN) announced its financial results for its third fiscal quarter ended July 31, 2019. The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People’s Republic of China (“China”), or (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China. Whilst the Fund is permitted to invest in direct equity investments of companies organized in China, it presently holds no such investments.
For the nine months ended July 31, 2019, the Fund recorded net investment income of $1,340,645.85, or $0.12 per share, versus net investment income of $2,826,495, or $0.18 per share, for the nine months ended July 31, 2018. Net realized and unrealized gains on investments and foreign currency transactions for the nine months ended July 31, 2019 was $53,940,951.68, or $5.03 per share, compared to net realized and unrealized gain on investments and foreign currency transactions of $6,778,944, or $0.43 per share, for the nine months ended July 31, 2018.
The price moved ahead of 6.07% from the mean of 20 days, 4.77% from mean of 50 days SMA and performed 7.03% from mean of 200 days price. Company’s performance for the week was 3.59%, 11.50% for month and YTD performance remained 22.85%.
Adam Rice reports about Business category. Before joining Technologymalt.com, he worked as a news reporter for other publications, covering technology and health reporting. He earned his Master’s at School of Journalism, where he worked as a news reporter besides learning pertinent skills in magazine editing and interactive production. Adam worked as a reporter for an online news publication in China for two years, covering general city news; he also used to work for an international travel agency before pursuing a career in journalism. In his free time, Adam enjoys outdoor recreation, following sports of all kinds.
He can be reached email at Adam@technologymalt.com
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