Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Reaches New 12-Month Low – Time to Sell?

Shares of Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGFGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.5019 and last traded at $0.5337, with a volume of 151000 shares trading hands. The stock had previously closed at $0.6710.

Shandong Weigao Medical Polymer Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.32 and a current ratio of 3.73. The stock has a 50 day simple moving average of $0.71 and a 200 day simple moving average of $0.71.

About Shandong Weigao Medical Polymer

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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.

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