Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Hits New 12-Month Low – Should You Sell?

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $0.4419 and last traded at $0.4419, with a volume of 200 shares. The stock had previously closed at $0.4525.

Analysts Set New Price Targets

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

Shandong Weigao Medical Polymer Stock Performance

The firm’s 50-day simple moving average is $0.61 and its two-hundred day simple moving average is $0.66.

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.