Wetouch Technology Inc. (WETH) to Issue Special Dividend of $0.04 on September 30th

Wetouch Technology Inc. (NASDAQ:WETH) declared a special dividend on Tuesday, July 28th. Investors of record on Monday, August 17th will be given a dividend of 0.04 per share on Wednesday, September 30th. The ex-dividend date of this dividend is Monday, August 17th.

Wetouch Technology Price Performance

Shares of WETH opened at $1.26 on Friday. Wetouch Technology has a one year low of $0.82 and a one year high of $3.68. The company has a 50-day simple moving average of $1.25 and a two-hundred day simple moving average of $1.47. The firm has a market capitalization of $16.86 million, a PE ratio of 1.77 and a beta of 0.80.

Wetouch Technology (NASDAQ:WETH) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share for the quarter. Wetouch Technology had a return on equity of 6.18% and a net margin of 18.34%.

Institutional Trading of Wetouch Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its position in Wetouch Technology by 12.2% during the 4th quarter. Renaissance Technologies LLC now owns 56,200 shares of the company’s stock valued at $75,000 after acquiring an additional 6,100 shares during the period. XTX Topco Ltd grew its holdings in Wetouch Technology by 64.2% in the fourth quarter. XTX Topco Ltd now owns 33,537 shares of the company’s stock worth $45,000 after purchasing an additional 13,117 shares during the period. Primoris Wealth Advisors LLC purchased a new stake in Wetouch Technology in the fourth quarter worth about $29,000. Lepercq De Neuflize Asset Management LLC grew its holdings in Wetouch Technology by 71.8% in the fourth quarter. Lepercq De Neuflize Asset Management LLC now owns 133,908 shares of the company’s stock worth $179,000 after purchasing an additional 55,954 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Wetouch Technology by 176.6% during the fourth quarter. Jane Street Group LLC now owns 95,917 shares of the company’s stock valued at $129,000 after purchasing an additional 61,237 shares in the last quarter.

About Wetouch Technology

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.