Wetouch Technology Inc. (NASDAQ:WETH) Declares Special Dividend of $0.04

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

Wetouch Technology Trading Down 5.4%

Shares of NASDAQ:WETH traded down $0.07 on Wednesday, hitting $1.23. The company had a trading volume of 53,664 shares, compared to its average volume of 85,714. The stock has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.53. The stock has a market cap of $14.67 million, a price-to-earnings ratio of 1.74 and a beta of 0.77. Wetouch Technology has a 1-year low of $0.78 and a 1-year high of $3.68.

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

About Wetouch Technology

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.