Wetouch Technology Inc. (WETH) to Distribute Special Dividend of $0.04 on September 30th

Wetouch Technology Inc. (NASDAQ:WETH) announced a special dividend on Tuesday, July 28th. Shareholders of record on Monday, August 17th will be given a dividend of 0.04 per share on Wednesday, September 30th. The ex-dividend date of this dividend is Monday, August 17th.

Wetouch Technology Price Performance

Shares of NASDAQ:WETH opened at $1.17 on Thursday. Wetouch Technology has a 1 year low of $0.78 and a 1 year high of $3.68. The company has a market capitalization of $13.96 million, a P/E ratio of 1.65 and a beta of 0.77. The business’s 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.52.

Wetouch Technology (NASDAQ:WETH) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.32 earnings per share for the quarter. Wetouch Technology had a net margin of 18.34% and a return on equity of 6.18%. The company had revenue of $16.31 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Wetouch Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

About Wetouch Technology

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.