Want Want China (OTCMKTS:WWNTY) Share Price Passes Below 50 Day Moving Average – Here’s Why

Want Want China Holdings Ltd. (OTCMKTS:WWNTY) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $30.42 and traded as low as $27.76. Want Want China shares last traded at $27.76, with a volume of 211 shares traded.

Want Want China Trading Down 7.9%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.60 and a current ratio of 1.93. The stock’s 50 day moving average is $30.42 and its 200-day moving average is $31.63.

About Want Want China

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.