Tingyi Cayman Islands (OTCMKTS:TCYMF) Shares Gap Up – Here’s What Happened

Shares of Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $1.35, but opened at $1.45. Tingyi Cayman Islands shares last traded at $1.45, with a volume of 199 shares trading hands.

Tingyi Cayman Islands Price Performance

The business has a 50 day moving average of $1.31 and a 200-day moving average of $1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.60 and a current ratio of 0.72.

About Tingyi Cayman Islands

(Get Free Report)

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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