Want Want China Ho (WWNTY) Stock Rating Lowered by Zacks Investment Research

Want Want China Ho (NASDAQ:WWNTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

According to Zacks, “Want Want China Holdings Limited is engaged in the manufacturing and distribution of food and beverages. The Group’s activities are primarily conducted in the People’s Republic of China, Taiwan, Singapore and Hong Kong, and its products are also sold to South-East Asia countries, the United States and Europe. It offers rice crackers, including sugar coated crackers, savoury crackers, and fried crackers; dairy products and beverages, such as flavored milk, yogurt drinks, ready-to-drink coffee, carbonated drinks, herbal tea, and milk powder; and snack foods comprising candies, popsicles and jellies, ball cakes, and beans and nuts, as well as wine and other food products. Want Want China Holdings Limited and is headquartered in Shanghai, the People’s Republic of China. “

Shares of Want Want China Ho (NASDAQ:WWNTY) opened at 33.09 on Friday. The firm’s 50-day moving average price is $33.27 and its 200-day moving average price is $32.40. Want Want China Ho has a 52-week low of $30.60 and a 52-week high of $40.52. The firm has a market capitalization of $8.28 billion and a PE ratio of 16.55.

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