Man Wah (OTCMKTS:MAWHY) Shares Gap Down - Here's Why

Key Points

• Man Wah Holdings Limited (OTCMKTS:MAWHY) experienced a significant gap down in its share price, opening at $10.70 compared to a previous close of $11.07.
• The company recently declared a dividend of $0.2446, resulting in an impressive dividend yield of 565.0%.
• Man Wah's financial ratios indicate a strong position, with a current ratio of 1.36 and a debt-to-equity ratio of 0.01.

Man Wah Holdings Limited (OTCMKTS:MAWHY - ) gapped down before the market opened on Friday . The stock had previously closed at $11.07, but opened at $10.70. Man Wah shares last traded at $10.70, with a volume of 1,604 shares.

Man Wah Stock Performance

The company's 50-day moving average price is $11.71 and its 200 day moving average price is $10.98. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Man Wah Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 7th. Stockholders of record on Tuesday, July 8th were paid a $0.2446 dividend. This represents a dividend yield of 565.0%. The ex-dividend date of this dividend was Monday, July 7th.

About Man Wah

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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