Tingyi Cayman Islands (OTCMKTS:TCYMF) Hits New 1-Year High – Here’s What Happened

Shares of Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) hit a new 52-week high during trading on Friday . The company traded as high as $1.45 and last traded at $1.45, with a volume of 199 shares changing hands. The stock had previously closed at $1.45.

Tingyi Cayman Islands Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average price is $1.30 and its 200 day moving average price is $1.30.

About Tingyi Cayman Islands

Tingyi Cayman Islands Holding Corp. is an investment holding company principally engaged in the production and sale of convenience foods and beverages. Its core operating subsidiary, Tingyi (Cayman Islands) Holding Corporation, is best known for its Master Kong–branded instant noodles and ready-to-drink beverages. The company’s portfolio also spans bottled water, brewed teas, fruit juices and packaged bakery items, serving both retail and foodservice channels.

Since its establishment in the early 1990s, Tingyi has built one of the largest distribution networks in Mainland China, covering more than 30 provinces and municipalities through a combination of direct sales teams and third-party distributors.