Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Hits New 52-Week Low – What’s Next?

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGF)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $0.4344 and last traded at $0.4344, with a volume of 3640 shares changing hands. The stock had previously closed at $0.4680.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Shandong Weigao Medical Polymer to a “neutral” rating in a research report on Sunday, April 26th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Shandong Weigao Medical Polymer Stock Down 7.2%

The firm’s 50-day moving average is $0.45 and its two-hundred day moving average is $0.61.

Shandong Weigao Medical Polymer Company Profile

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.