Tingyi Cayman Islands (OTCMKTS:TCYMF) Reaches New 1-Year Low - What's Next?

Key Points

• Tingyi Cayman Islands Holdings Corp. shares hit a new 52-week low at $1.37 during trading, declining from a previous close of $1.44.
• The company has low liquidity ratios with a current ratio of 0.55 and a quick ratio of 0.43, indicating potential financial health concerns.
• Tingyi specializes in manufacturing and selling instant noodles, beverages, and food products in China, operating through multiple segments including Instant Noodles and Beverages.

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $1.37 and last traded at $1.37, with a volume of 7000 shares. The stock had previously closed at $1.44.

Tingyi Cayman Islands Stock Performance

The business has a 50-day simple moving average of $1.47 and a 200 day simple moving average of $1.54. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.55 and a quick ratio of 0.43.

About Tingyi Cayman Islands

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics.