Man Wah (OTCMKTS:MAWHY) Shares Up 17.7% – Should You Buy?

Shares of Man Wah Holdings Limited (OTCMKTS:MAWHYGet Free Report) rose 17.7% on Thursday . The stock traded as high as $12.36 and last traded at $12.36. Approximately 228 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 219 shares. The stock had previously closed at $10.50.

Man Wah Trading Down 0.6%

The company’s 50 day moving average is $11.52 and its 200-day moving average is $11.68. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

About Man Wah

(Get Free Report)

Man Wah Holdings Limited operates as a vertically integrated designer, manufacturer and distributor of upholstered furniture. Headquartered in Hong Kong, the company primarily develops and produces a range of sofas, recliners, sectionals and related home furnishings. Man Wah’s operations encompass research and development, automated manufacturing processes and quality control, enabling it to maintain consistent standards across its product lines.

The company’s product portfolio includes leather and fabric upholstery, modular seating systems and motion furniture designed for residential and contract applications.

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