Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Sets New 1-Year Low – Time to Sell?

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGFGet Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.40 and last traded at $0.40, with a volume of 10000 shares changing hands. The stock had previously closed at $0.4418.

Shandong Weigao Medical Polymer Stock Performance

The firm’s 50-day moving average is $0.43 and its 200 day moving average is $0.51.

Shandong Weigao Medical Polymer Company Profile

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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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