Want Want China (OTCMKTS:WWNTY) Stock Jumps 18% – What’s Next?

Want Want China Holdings Ltd. (OTCMKTS:WWNTY – Get Free Report) rose 18% on Friday. The company traded as high as $19.71 and last traded at $19.71. 129 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 733 shares. The stock had previously closed at $16.70.

Want Want China Trading Up 6.5%

The stock has a fifty day moving average of $19.72 and a 200 day moving average of $23.01.

Want Want China Company Profile

(Get Free Report)

Want Want China Holdings Ltd. is a food and beverage company best known for its Wangwang brand. The company develops, manufactures and sells snack foods, dairy products, beverages and other packaged foods, including rice crackers, flavored milk, dairy drinks, congee and confectionery products.

The business traces its roots to Taiwan, where it began operations in 1962. It expanded into mainland China during the 1990s and has built a broad manufacturing and distribution network serving consumers across China.

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