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.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/05/28/man-wah-holdings-ltd-mawhy-rating-lowered-to-hold-at-zacks-investment-research.html.

12 Month Chart for NASDAQ:MAWHY

Get a free copy of the Zacks research report on Man Wah Holdings (MAWHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Man Wah Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Wah Holdings Ltd and related companies with MarketBeat.com's FREE daily email newsletter.