Man Wah (OTCMKTS:MAWHY) Shares Pass Below Fifty Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemMan Wah Holdings Limited (OTCMKTS:MAWHY – Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.75 and traded as low as $10.41. Man Wah shares last traded at $10.41, with a volume of 164 shares.
Man Wah Stock Performance
The firm’s fifty day moving average is $11.72 and its 200 day moving average is $11.42.
About Man Wah
Man Wah Holdings Limited operates as a vertically integrated designer, manufacturer and distributor of upholstered furniture. Headquartered in Hong Kong, the company primarily develops and produces a range of sofas, recliners, sectionals and related home furnishings. Man Wah’s operations encompass research and development, automated manufacturing processes and quality control, enabling it to maintain consistent standards across its product lines.
The company’s product portfolio includes leather and fabric upholstery, modular seating systems and motion furniture designed for residential and contract applications.