Want Want China (OTCMKTS:WWNTY) Shares Gap Down – Time to Sell?
by Sarita Garza · The Markets DailyShares of Want Want China Holdings Ltd. (OTCMKTS:WWNTY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $32.25, but opened at $30.15. Want Want China shares last traded at $30.15, with a volume of 128 shares trading hands.
Want Want China Stock Down 6.5%
The business has a 50 day moving average of $31.18 and a 200 day moving average of $33.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.60 and a current ratio of 1.93.
Want Want China Company Profile
Want Want China Holdings Limited, trading on the OTC market under the symbol WWNTY, is a leading food and beverage company best known for its popular rice crackers, snack foods and flavored beverages. The company’s core product lineup includes a variety of seasoned rice cracker snacks, milk drinks, soy milk beverages and other savory treats, all marketed under the Want Want brand as well as several sub-brands tailored to regional tastes. In addition to snacks and beverages, Want Want China also produces dairy-based desserts and operates packaging business units that support both in-house and third-party clients.
Originally founded in Taiwan in the 1960s by entrepreneur Tsai Eng-meng, Want Want expanded into mainland China in the early 1990s to tap into burgeoning consumer demand.