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

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGFGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $0.7265, but opened at $0.50. Shandong Weigao Medical Polymer shares last traded at $0.50, with a volume of 20,000 shares.

Shandong Weigao Medical Polymer Price Performance

The company has a current ratio of 3.73, a quick ratio of 3.32 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $0.71 and a 200-day moving average of $0.71.

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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