Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Shares Gap Down – Time to Sell?

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF)’s share price gapped down before the market opened on Friday . The stock had previously closed at $0.4418, but opened at $0.4311. Shandong Weigao Medical Polymer shares last traded at $0.4311, with a volume of 1,731 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Shandong Weigao Medical Polymer to a “neutral” rating in a report on Sunday, April 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Shandong Weigao Medical Polymer Price Performance

The stock’s 50 day simple moving average is $0.43 and its two-hundred day simple moving average is $0.52.

Shandong Weigao Medical Polymer Company Profile

Shandong Weigao Medical Polymer Co, Ltd. (OTCMKTS: SHWGF) is a China-based manufacturer of single-use medical devices and medical polymer products. Headquartered in Weihai, Shandong Province, the company operates under the umbrella of the Weigao Group and focuses on the development, production and distribution of disposable medical consumables.

The company’s product portfolio encompasses infusion and transfusion sets, disposable syringes, intravenous catheters, blood filters and apheresis sets, as well as devices for enteral nutrition and medical-grade tubing.