Man Wah (OTCMKTS:MAWHY) Shares Gap Down – Here’s What Happened

Shares of Man Wah Holdings Limited (OTCMKTS:MAWHY – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $6.60, but opened at $5.75. Man Wah shares last traded at $5.75, with a volume of 133 shares.

Man Wah Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $7.20 and a 200 day moving average of $8.63.

Man Wah Company Profile

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Man Wah Holdings Limited is a Hong Kong-based furniture manufacturer and retailer specializing in upholstered furniture. The company is best known for its recliner sofas, motion furniture and related living-room products, and also offers sofas, mattresses, dining furniture, occasional furniture and home accessories.

Man Wah markets products under brands including Cheers, which focuses on recliner sofas and home comfort products, as well as the Man Wah brand. Its business includes product design, manufacturing, wholesale distribution and retailing through company-operated stores, dealers and other sales channels.

Founded in 1992, the company has developed an international operating and distribution network.

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