Home / Consumer Goods / Midday Laggard: Fuwei Films (Holdings) Co. Ltd. (FFHL) a Drain on Consumer Goods Sector, Sheds 10.76% on September 22

Midday Laggard: Fuwei Films (Holdings) Co. Ltd. (FFHL) a Drain on Consumer Goods Sector, Sheds 10.76% on September 22

Fuwei Films (Holdings) Co. Ltd. (FFHL) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the consumer goods sector halfway through the trading day. At the lunch break, shares of FFHL have fallen 10.76% to $0.48 after closing the day prior at $0.54. So far, the stock has traded as high as $0.48 and as low as $0.48. Today’s decline has come with about 601 shares changing hands, compared to an average 30-day volume of 10,915 for Fuwei Films (Holdings) Co. Ltd.. The price is currently below the 30-day volume weighted average price of $0.48 for FFHL.

The share depreciation gives the company a market capitalization of $7.03 million based upon 13.06 million shares outstanding. It also means that FFHL has a price-to-book ratio of 0.16:1.

In the past 52 weeks, shares of FFHL have traded as low as $0.35 and as high as $1.27. Technical traders will take note that at $0.48, shares of FFHL are trading below their 200-day MA at $0.75 and below their 50-day MA at $0.71. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is FFHL?

Fuwei Films (Holdings) Co Ltd along with its subsidiaries is engaged in the production & distribution of BOPET film, high quality plastic film widely used in packaging, imaging, electronics, electrical and magnetic products in China. The company’s 241 employees are led by CEO Zengyong Wang from the corporate headquarters at No. 387 Dongming Road in Weifang, Shandong.

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