Wetouch Technology Inc. (NASDAQ:WETH) Announces Special Dividend of $0.04

Wetouch Technology Inc. (NASDAQ:WETH) declared a special dividend on Tuesday, July 28th. Investors of record on Monday, August 17th will be given a dividend of 0.04 per share on Wednesday, September 30th. The ex-dividend date of this dividend is Monday, August 17th.

Wetouch Technology Price Performance

Wetouch Technology stock traded down $0.07 during midday trading on Wednesday, reaching $1.23. The company had a trading volume of 35,045 shares, compared to its average volume of 85,709. The company has a market capitalization of $14.65 million, a P/E ratio of 1.73 and a beta of 0.77. Wetouch Technology has a 12-month low of $0.78 and a 12-month high of $3.68. The firm’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.53.

Wetouch Technology (NASDAQ:WETH) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.32 EPS for the quarter. Wetouch Technology had a return on equity of 6.18% and a net margin of 18.34%.The company had revenue of $16.31 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Primoris Wealth Advisors LLC purchased a new position in Wetouch Technology during the fourth quarter worth about $29,000. XTX Topco Ltd raised its stake in shares of Wetouch Technology by 64.2% in the 4th quarter. XTX Topco Ltd now owns 33,537 shares of the company’s stock valued at $45,000 after acquiring an additional 13,117 shares during the period. Renaissance Technologies LLC raised its stake in shares of Wetouch Technology by 12.2% in the 4th quarter. Renaissance Technologies LLC now owns 56,200 shares of the company’s stock valued at $75,000 after acquiring an additional 6,100 shares during the period. Citadel Advisors LLC acquired a new position in shares of Wetouch Technology in the 3rd quarter worth approximately $86,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Wetouch Technology in the 4th quarter worth approximately $126,000.

About Wetouch Technology

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.