Anta Sports Products (OTCMKTS:ANPDF) Shares Gap Down - Should You Sell?

Key Points

• Shares of Anta Sports Products Ltd. gapped down from $13.00 to $10.80 prior to trading, with a current trading volume of 2,400 shares.
• The company declared an increased dividend of $1.37 per share, yielding 258.0%, which was paid on September 23rd, up from the previous $1.18.
• Anta Sports Products maintains a strong financial position with a debt-to-equity ratio of 0.18 and a current ratio of 1.84.

Shares of Anta Sports Products Ltd. (OTCMKTS:ANPDF - ) gapped down prior to trading on Wednesday . The stock had previously closed at $13.00, but opened at $10.80. Anta Sports Products shares last traded at $10.80, with a volume of 2,400 shares traded.

Anta Sports Products Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 1.84. The business has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $11.82.

Anta Sports Products Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 10th were given a dividend of $1.37 per share. This represents a dividend yield of 258.0%. This is an increase from Anta Sports Products's previous dividend of $1.18. The ex-dividend date of this dividend was Tuesday, September 9th.

About Anta Sports Products

ANTA Sports Products Limited, together with its subsidiaries, engages in the research and development, design, manufacturing, and marketing of shoes, apparel, and accessories in the Mainland of China, Hong Kong, Macao, and internationally. The company's products portfolio includes running, cross-training, basketball, professional competition, training, physical education classes, outdoor sports, triathlon, golf, skiing, camping, hiking, urban outdoor, tennis, and other sports under the FILA, FILA KIDS, FILA FUSION, AMER, KOLON SPORT, ANTA, DESCENTE, and ANTA KIDS brands.

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