Want Want China (OTCMKTS:WWNTY) Sees Large Volume Increase – Here’s Why

Want Want China Holdings Ltd. (OTCMKTS:WWNTYGet Free Report) saw strong trading volume on Tuesday . 5,764 shares were traded during mid-day trading, an increase of 324% from the previous session’s volume of 1,360 shares.The stock last traded at $31.00 and had previously closed at $30.00.

Want Want China Trading Up 3.3%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 1.23. The firm’s 50-day moving average price is $31.17 and its 200 day moving average price is $33.47.

Want Want China Company Profile

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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.

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