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Man Wah (OTCMKTS:MAWHY) Shares Gap Down - What's Next?

Man Wah logo with Consumer Discretionary background

Key Points

  • Man Wah Holdings Limited shares gapped down, opening at $10.49 after closing at $11.78, reflecting an 11.0% drop.
  • The company recently announced a dividend payment of $0.2446 per share, with a dividend yield of 5.65%, to be paid on August 7th.
  • Man Wah has a debt-to-equity ratio of 0.01 and a current ratio of 1.36, indicating a relatively strong liquidity position.
  • Five stocks to consider instead of Man Wah.

Man Wah Holdings Limited (OTCMKTS:MAWHY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $11.78, but opened at $10.49. Man Wah shares last traded at $10.49, with a volume of 120 shares.

Man Wah Price Performance

The stock's 50-day moving average is $10.71 and its 200-day moving average is $11.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.36 and a quick ratio of 1.13.

Man Wah Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, August 7th. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.2446 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 565.0%.

About Man Wah

(Get Free Report)

Man Wah Holdings Limited, an investment holding company, engages in the manufacture, wholesale, trading, and distribution of sofas and ancillary products in the People's Republic of China, North America, Europe, and internationally. The company operates through Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business segments.

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