Meihua International Medical Technologies Co Ltd (MHUA) saw an uptrend of 4.73% in the recent trading with $0.72 being its most recent. The current price level -74.41% lower than the highest price of $2.81 marked by the stock while trading over the past 52-weeks, whereas it is 66.25% higher than the lowest price of $0.43 the company dropped to over past 52-weeks. The latest news story on MHUA appeared in (PR Newswire) under the title “Meihua International Medical Technologies Co., Ltd Regains Compliance with Nasdaq Minimum Bid Price Requirement”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -13.90% below one month high and is +66.25% above of the lowest during that time. Looking into the simple moving average, Meihua International Medical Technologies Co Ltd (MHUA)’s stock stands at a SMA-50 of $0.7863 while that of 5-day is reading $0.6213.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MHUA’s SMA-200 as of now is $0.7926.
Meihua International Medical Technologies Co Ltd Earnings – What Happened With MHUA
Coming around sales and income figures on MHUA Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
MHUA – Meihua International Medical Technologies Co Ltd Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 23.94 million. MHUA does have institutional investors; and they hold 9.41% of the stock.
Meihua International Medical Technologies Co Ltd – Insider Activity and Holdings
As on 2024-06-30, ANSON FUNDS MANAGEMENT LP was the top most holder in Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) with an ownership of 0.65 million shares of the company or 2.7093 of the stake worth $0.55 million. The filing also reveals RENAISSANCE TECHNOLOGIES LLC as the second largest holder in the company with a control over 0.1015 of the outstanding shares. Its stake is worth $20702.0 for having 24300.0 shares in hand.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Meihua International Medical Technologies Co Ltd has a debt to equity ratio of 0.08.
Technical Analysis of Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Meihua International Medical Technologies Co Ltd (MHUA), we notice that the stock’s 20-day average volume is at 597,210 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 666,996 shares. And to end, MHUA’s 100-day average volume is 1,123,661 shares with 50% of the long-term indicators pointing towards Sell for the stock.
