Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Shares Gap Down – Here’s Why

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGFGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $0.4418, but opened at $0.4311. Shandong Weigao Medical Polymer shares last traded at $0.4311, with a volume of 1,731 shares trading hands.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Shandong Weigao Medical Polymer

Shandong Weigao Medical Polymer Trading Down 2.4%

The business’s fifty day moving average is $0.43 and its 200-day moving average is $0.52.

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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