Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Sets New 52-Week Low – Here’s Why

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.6685 and last traded at $0.6695, with a volume of 7274 shares changing hands. The stock had previously closed at $0.6695.

Shandong Weigao Medical Polymer Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.73 and a quick ratio of 3.32. The firm has a 50 day moving average price of $0.69 and a 200 day moving average price of $0.72.

About Shandong Weigao Medical Polymer

Shandong Weigao Medical Polymer Co, Ltd. (OTCMKTS: SHWGF) is a China-based manufacturer of single-use medical devices and medical polymer products. Headquartered in Weihai, Shandong Province, the company operates under the umbrella of the Weigao Group and focuses on the development, production and distribution of disposable medical consumables.

The company’s product portfolio encompasses infusion and transfusion sets, disposable syringes, intravenous catheters, blood filters and apheresis sets, as well as devices for enteral nutrition and medical-grade tubing.