Anta Sports Products (OTCMKTS:ANPDF) Shares Gap Down - Here's Why

Key Points

• Anta Sports Products' stock gapped down from a previous close of $13.50 to open at $12.65, reflecting a 6.3% decrease in value.
• The company maintains a current ratio of 1.84, indicating good short-term financial health, and a low debt-to-equity ratio of 0.18.
• Anta Sports Products focuses on the design, manufacturing, and marketing of sporting goods across multiple sports sectors, including brands such as FILA and ANTA.

Anta Sports Products Ltd. (OTCMKTS:ANPDF - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $13.50, but opened at $12.65. Anta Sports Products shares last traded at $12.65, with a volume of 151 shares changing hands.

Anta Sports Products Stock Performance

The company has a current ratio of 1.84, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $12.35 and a two-hundred day simple moving average of $11.66.

Anta Sports Products Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th will be paid a $1.37 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This is a boost from Anta Sports Products's previous dividend of $1.18. This represents a dividend yield of 258.0%.

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.