Venture (OTCMKTS:VEMLY) Shares Down 2% – Should You Sell?

Shares of Venture Co. Limited (OTCMKTS:VEMLY) dropped 2% during mid-day trading on Wednesday . The company traded as low as $48.93 and last traded at $48.93. Approximately 160 shares traded hands during trading, a decline of 79% from the average daily volume of 764 shares. The stock had previously closed at $49.93.

Venture Price Performance

The company’s 50-day moving average is $52.95 and its 200 day moving average is $52.58.

Venture Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.8927 dividend. The ex-dividend date of this dividend was Friday, August 30th.

About Venture

Venture Corporation Limited, together with its subsidiaries, provides technology solutions, products, and services in Singapore, the Asia Pacific, and internationally. The company operates through Advanced Manufacturing and Design Solutions, and Technology Products and Design Solutions segments. It engages in the design, manufacture, assemble, installation, and distribution of electronic, and other computer products and peripherals; manufacture and sale of terminal units; development and marketing of colour imaging products for label printing; and research and development of biotechnology, life, and medical science products, as well as engages in repair of engineering and scientific instruments.