Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Shares Gap Down - What's Next?

Key Points

• Shares gapped down: SHWGF opened at $0.50 after closing at $0.7265 and last traded at $0.50, with about 20,000 shares changing hands.
• Financial and business snapshot: The company shows strong liquidity (quick ratio 3.32, current ratio 3.73) and low leverage (debt-to-equity 0.17), trades near its $0.71 50- and 200-day moving averages, and manufactures single-use medical devices such as syringes, infusion sets and catheters.

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $0.7265, but opened at $0.50. Shandong Weigao Medical Polymer shares last traded at $0.50, with a volume of 20,000 shares trading hands.

Shandong Weigao Medical Polymer Stock Performance

The company has a quick ratio of 3.32, a current ratio of 3.73 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $0.71 and a 200-day moving average price of $0.71.

About Shandong Weigao Medical Polymer

Shandong Weigao Medical Polymer Co, Ltd. OTCMKTS: SHWGF is a China-based manufacturer of single-use medical devices and medical polymer products. Headquartered in Weihai, Shandong Province, the company operates under the umbrella of the Weigao Group and focuses on the development, production and distribution of disposable medical consumables.

The company's product portfolio encompasses infusion and transfusion sets, disposable syringes, intravenous catheters, blood filters and apheresis sets, as well as devices for enteral nutrition and medical-grade tubing.

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