Tingyi Cayman Islands (OTCMKTS:TCYMF) Hits New 1-Year High – Here’s What Happened

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF – Get Free Report)’s stock price hit a new 52-week high on Friday . The company traded as high as $1.45 and last traded at $1.45, with a volume of 199 shares traded. The stock had previously closed at $1.45.

Tingyi Cayman Islands Price Performance

The stock has a 50-day simple moving average of $1.30 and a two-hundred day simple moving average of $1.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.72 and a quick ratio of 0.60.

About Tingyi Cayman Islands

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Tingyi Cayman Islands Holding Corp. is an investment holding company principally engaged in the production and sale of convenience foods and beverages. Its core operating subsidiary, Tingyi (Cayman Islands) Holding Corporation, is best known for its Master Kong–branded instant noodles and ready-to-drink beverages. The company’s portfolio also spans bottled water, brewed teas, fruit juices and packaged bakery items, serving both retail and foodservice channels.

Since its establishment in the early 1990s, Tingyi has built one of the largest distribution networks in Mainland China, covering more than 30 provinces and municipalities through a combination of direct sales teams and third-party distributors.

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