Want Want China (OTCMKTS:WWNTY) Reaches New 12-Month Low – What’s Next?

Want Want China Holdings Ltd. (OTCMKTS:WWNTYGet Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $27.57 and last traded at $27.57, with a volume of 254 shares trading hands. The stock had previously closed at $29.8650.

Want Want China Price Performance

The business has a 50-day simple moving average of $30.97 and a 200-day simple moving average of $33.33. The company has a current ratio of 1.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.04.

About Want Want China

(Get Free Report)

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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