Wetouch Technology Inc. (NASDAQ:WETH) to Issue $0.04 Special Dividend

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

Wetouch Technology Trading Down 5.5%

Shares of NASDAQ WETH traded down $0.07 during trading hours on Wednesday, hitting $1.23. 35,045 shares of the company traded hands, compared to its average volume of 85,709. The stock has a market capitalization of $14.65 million, a price-to-earnings ratio of 1.73 and a beta of 0.77. Wetouch Technology has a 12 month low of $0.78 and a 12 month high of $3.68. The company’s 50 day moving average price is $1.34 and its 200 day moving average price is $1.53.

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

Wetouch Technology Company Profile

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.