Shandong Weigao Medical Polymer (OTCMKTS:SHWGF) Hits New 1-Year Low – Time to Sell?

Shandong Weigao Medical Polymer Co. (OTCMKTS:SHWGFGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $0.4157 and last traded at $0.4157, with a volume of 700 shares changing hands. The stock had previously closed at $0.4419.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on SHWGF

Shandong Weigao Medical Polymer Trading Down 5.9%

The company’s fifty day moving average price is $0.44 and its 200 day moving average price is $0.54.

About Shandong Weigao Medical Polymer

(Get Free Report)

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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