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Anta Sports Products (OTCMKTS:ANPDF) Stock Price Down 10.6% - Should You Sell?

Anta Sports Products logo with Consumer Discretionary background

Key Points

  • Anta Sports Products' share price dropped 10.6% in a single trading session, closing at $10.80, with significantly reduced trading volume.
  • The company recently increased its dividend payout to $1.37 per share, yielding an impressive 258.0% and up from the previous dividend of $1.18.
  • Despite the stock decline, Anta Sports maintains a healthy financial profile with a debt-to-equity ratio of 0.18 and current ratio of 1.84, indicating robust liquidity.
  • MarketBeat previews top five stocks to own in October.

Anta Sports Products Ltd. (OTCMKTS:ANPDF - Get Free Report)'s share price fell 10.6% during trading on Thursday . The stock traded as low as $10.80 and last traded at $10.80. 200 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 7,202 shares. The stock had previously closed at $12.08.

Anta Sports Products Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.46. The company has a 50-day simple moving average of $12.51 and a 200 day simple moving average of $11.83.

Anta Sports Products Increases Dividend

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

About Anta Sports Products

(Get Free Report)

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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