Man Wah (OTCMKTS:MAWHY) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Man Wah Holdings Limited's stock price fell below its 50-day moving average of $11.71, last trading at $11.07.
• The company has a debt-to-equity ratio of 0.01, indicating a low level of financial leverage.
• Man Wah recently declared a dividend of $0.2446 per share with a yield of 565.0%, which was paid to shareholders on August 7th.

Man Wah Holdings Limited (OTCMKTS:MAWHY - )'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.71 and traded as low as $11.07. Man Wah shares last traded at $11.07, with a volume of 100 shares.

Man Wah Stock Performance

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

Man Wah Cuts Dividend

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

Man Wah Company Profile

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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