Happiness Biotech Group (NASDAQ:HAPP) Shares Up 10.2% Following Dividend Announcement

Shares of Happiness Biotech Group Limited (NASDAQ:HAPP) shot up 10.2% during trading on Friday following a dividend announcement from the company. The stock traded as high as $2.52 and last traded at $2.49, 979,892 shares changed hands during mid-day trading. An increase of 147% from the average session volume of 396,256 shares. The stock had previously closed at $2.26.

The newly announced dividend which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be given a $0.015 dividend. The ex-dividend date of this dividend is Friday, August 7th.

The firm has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $3.35.

An institutional investor recently bought a new position in Happiness Biotech Group stock. UBS Group AG acquired a new stake in Happiness Biotech Group Limited (NASDAQ:HAPP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,606 shares of the company’s stock, valued at approximately $30,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

Happiness Biotech Group Company Profile (NASDAQ:HAPP)

Happiness Biotech Group Limited engages in the research, development, manufacture, and sale of nutraceutical and dietary supplements products made of Lucidum spore powder and others in the People's Republic of China. It also offers edible fungi. The company was founded in 2004 and is based in Nanping, the People's Republic of China.

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