Man Wah (OTCMKTS:MAWHY) Shares Gap Down – Here’s Why

Shares of Man Wah Holdings Limited (OTCMKTS:MAWHYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.34, but opened at $9.48. Man Wah shares last traded at $9.50, with a volume of 18,100 shares.

Man Wah Trading Down 6.9%

The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $11.19 and a 200-day simple moving average of $11.63.

Man Wah Company Profile

(Get Free Report)

Man Wah Holdings Limited operates as a vertically integrated designer, manufacturer and distributor of upholstered furniture. Headquartered in Hong Kong, the company primarily develops and produces a range of sofas, recliners, sectionals and related home furnishings. Man Wah’s operations encompass research and development, automated manufacturing processes and quality control, enabling it to maintain consistent standards across its product lines.

The company’s product portfolio includes leather and fabric upholstery, modular seating systems and motion furniture designed for residential and contract applications.

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