Want Want China (OTCMKTS:WWNTY) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares fell below the 200‑day moving average, trading as low as $28.87 versus the 200‑day MA of $32.06 and down about 3.6% on light volume.
• The balance sheet appears solid with a quick ratio of 1.60, a current ratio of 1.93, and a very low debt‑to‑equity ratio of 0.04.
• Want Want China is a leading food and beverage company best known for rice crackers, snacks and flavored beverages, founded in Taiwan and expanded into mainland China in the 1990s.

Shares of Want Want China Holdings Ltd. (OTCMKTS:WWNTY - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.06 and traded as low as $28.8725. Want Want China shares last traded at $28.8725, with a volume of 578 shares changing hands.

Want Want China Trading Down 3.6%

The company has a quick ratio of 1.60, a current ratio of 1.93 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $30.29 and its 200 day moving average price is $32.06.

Want Want China Company Profile

Want Want China Holdings Limited, trading on the OTC market under the symbol WWNTY, is a leading food and beverage company best known for its popular rice crackers, snack foods and flavored beverages. The company’s core product lineup includes a variety of seasoned rice cracker snacks, milk drinks, soy milk beverages and other savory treats, all marketed under the Want Want brand as well as several sub-brands tailored to regional tastes. In addition to snacks and beverages, Want Want China also produces dairy-based desserts and operates packaging business units that support both in-house and third-party clients.

Originally founded in Taiwan in the 1960s by entrepreneur Tsai Eng-meng, Want Want expanded into mainland China in the early 1990s to tap into burgeoning consumer demand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.