Want Want China (OTCMKTS:WWNTY) Hits New 12-Month Low – Here’s Why

Shares of Want Want China Holdings Ltd. (OTCMKTS:WWNTYGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $21.23 and last traded at $21.23, with a volume of 104 shares traded. The stock had previously closed at $25.44.

Want Want China Price Performance

The firm’s 50 day moving average price is $25.07 and its two-hundred day moving average price is $28.05.

Want Want China Company Profile

(Get Free Report)

Want Want China Holdings Limited, trading on the OTC market under the symbol WWNTY, is a leading food and beverage company best known for its popular rice crackers, snack foods and flavored beverages. The company’s core product lineup includes a variety of seasoned rice cracker snacks, milk drinks, soy milk beverages and other savory treats, all marketed under the Want Want brand as well as several sub-brands tailored to regional tastes. In addition to snacks and beverages, Want Want China also produces dairy-based desserts and operates packaging business units that support both in-house and third-party clients.

Originally founded in Taiwan in the 1960s by entrepreneur Tsai Eng-meng, Want Want expanded into mainland China in the early 1990s to tap into burgeoning consumer demand.

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