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

Man Wah logo with Consumer Discretionary background

Man Wah Holdings Limited (OTCMKTS:MAWHY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.83, but opened at $11.10. Man Wah shares last traded at $11.10, with a volume of 700 shares traded.

Man Wah Stock Performance

The company's 50-day moving average is $10.44 and its 200-day moving average is $11.16.

Man Wah Cuts Dividend

The business also recently announced 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. This represents a yield of 5.65%. The ex-dividend date is Monday, July 7th.

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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