Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Reaches New 12-Month Low – Here’s Why

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGFGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.4157 and last traded at $0.4157, with a volume of 700 shares changing hands. The stock had previously closed at $0.4419.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Shandong Weigao Medical Polymer to a “neutral” rating in a research report on Sunday, April 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Get Our Latest Stock Analysis on Shandong Weigao Medical Polymer

Shandong Weigao Medical Polymer Price Performance

The business’s 50 day moving average is $0.44 and its 200-day moving average is $0.54.

About Shandong Weigao Medical Polymer

(Get Free Report)

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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