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Tingyi Cayman Islands (OTCMKTS:TCYMF) Hits New 52-Week Low - What's Next?

Tingyi Cayman Islands logo with Consumer Staples background

Key Points

  • Tingyi Cayman Islands stock has reached a new 52-week low, trading at $1.35, down from a previous close of $1.37.
  • The company reports a current ratio of 0.55 and a debt-to-equity ratio of 0.09, indicating potential liquidity concerns.
  • Tingyi is involved in manufacturing and selling instant noodles, beverages, and food products primarily in China.
  • Interested in Tingyi Cayman Islands? Here are five stocks we like better.

Shares of Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.35 and last traded at $1.35, with a volume of 4840 shares traded. The stock had previously closed at $1.37.

Tingyi Cayman Islands Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.55 and a quick ratio of 0.43. The business's 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.53.

About Tingyi Cayman Islands

(Get Free Report)

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.

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