Want Want China (OTCMKTS:WWNTY) Shares Gap Down - Here's Why

Key Points

• Want Want China Holdings Ltd. shares experienced a significant drop of 13.6%, gapping down from a closing price of $36.79 to an opening price of $31.79.
• The company recently cut its dividend, paying out $0.95 per share with a remarkable yield of 264.0% to shareholders of record.
• Want Want China operates in the food and beverage sector, with products spanning rice crackers, dairy products, snacks, and beverages.

Want Want China Holdings Ltd. (OTCMKTS:WWNTY - ) shares gapped down before the market opened on Tuesday . The stock had previously closed at $36.79, but opened at $31.79. Want Want China shares last traded at $31.79, with a volume of 1,052 shares changing hands.

Want Want China Stock Down 13.6%

The company has a current ratio of 1.53, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The business's fifty day simple moving average is $36.52 and its 200-day simple moving average is $33.71.

Want Want China Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, September 1st were issued a dividend of $0.95 per share. This represents a yield of 264.0%. The ex-dividend date of this dividend was Friday, August 29th.

Want Want China Company Profile

Want Want China Holdings Limited, an investment holding company, manufactures, distributes, and sells food and beverages. The company operates through four segments: Rice Crackers, Dairy Products and Beverages, Snack Foods, and Other Products. It offers sugar coated crackers, savoury crackers, fried crackers, and gift packs; flavored milk, room temperature yogurt, yogurt drinks, ready-to-drink coffee, juice and sports drinks, herbal tea, and milk powder; candies, popsicles, ball cakes and jellies, beans, nuts, and other snacks; and wine and other food products.

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