Man Wah Holdings Ltd (NASDAQ:MAWHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Man Wah Holdings Limited operates as a furniture enterprise mainly engaged in the research, development, production and sale of sofas, mattresses, panel furniture and furniture accessories. The Company offers furniture through Morewell brand, mattress through its Enlanda brand and sofas through its Cheers brand. Man Wah Holdings Limited is headquartered in Fotan, Hong Kong. “

Shares of Man Wah Holdings (NASDAQ:MAWHY) traded down 0.40% during midday trading on Tuesday, hitting $20.15. 382 shares of the stock were exchanged. The company has a market cap of $7.71 billion and a price-to-earnings ratio of 34.74. The firm has a 50 day moving average of $17.22 and a 200-day moving average of $14.67. Man Wah Holdings has a one year low of $7.42 and a one year high of $20.25.

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