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Man Wah (OTCMKTS:MAWHY) Shares Cross Below Fifty Day Moving Average - Here's Why

Man Wah logo with Consumer Discretionary background

Key Points

  • Man Wah Holdings Limited's stock price has fallen below its 50-day moving average, trading at $10.89 compared to an average of $10.93.
  • The company has reported a stock decline of 6.3% and maintains a very low debt-to-equity ratio of 0.01.
  • Man Wah recently declared a dividend of $0.2446 per share, resulting in a remarkable dividend yield of 565.0%.
  • Need better tools to track Man Wah? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Man Wah Holdings Limited (OTCMKTS:MAWHY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.93 and traded as low as $10.89. Man Wah shares last traded at $10.89, with a volume of 249 shares changing hands.

Man Wah Trading Up 10.0%

The firm has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $10.95. 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 business also recently disclosed a dividend, which was paid on Thursday, August 7th. Investors of record on Tuesday, July 8th were given a dividend of $0.2446 per share. The ex-dividend date was Monday, July 7th. This represents a yield of 565.0%.

Man Wah Company Profile

(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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