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Want Want China (OTCMKTS:WWNTY) Stock Passes Above Fifty Day Moving Average - Should You Sell?

Want Want China logo with Consumer Staples background

Key Points

  • Want Want China Holdings Ltd. stock price surged above its 50-day moving average of $34.38, reaching a high of $36.02 during trading, indicating potential bullish momentum.
  • The company has announced a dividend of $0.95 per share, which reflects a remarkable dividend yield of 264.0%, with payment scheduled for October 3rd.
  • Despite the positive news, Want Want China's stock is currently down 3.9%, which suggests market volatility or investor caution.
  • Five stocks to consider instead of Want Want China.

Want Want China Holdings Ltd. (OTCMKTS:WWNTY - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $34.38 and traded as high as $36.02. Want Want China shares last traded at $36.02, with a volume of 794 shares trading hands.

Want Want China Stock Performance

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 firm's 50 day simple moving average is $34.52 and its 200-day simple moving average is $32.47.

Want Want China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 1st will be issued a $0.95 dividend. This represents a yield of 264.0%. The ex-dividend date is Friday, August 29th.

About Want Want China

(Get Free Report)

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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