Wetouch Technology (NASDAQ:WETH) Releases FY 2024 Earnings Guidance

Wetouch Technology (NASDAQ:WETH) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.480-0.480 for the period. The company issued revenue guidance of $42.3 million-$42.3 million.

Wetouch Technology Trading Up 7.9 %

WETH stock traded up $0.07 during mid-day trading on Monday, hitting $0.89. 769,627 shares of the stock were exchanged, compared to its average volume of 218,950. Wetouch Technology has a 12 month low of $0.76 and a 12 month high of $3.62. The business has a fifty day moving average price of $1.35 and a 200 day moving average price of $1.56.

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.