Meihua International Medical Technologies Co Ltd (NASDAQ: MHUA) is -17.44% lower on its value in year-to-date trading and has touched a low of $0.25 and a high of $1.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MHUA stock was last observed hovering at around $0.30 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.28, the stock is -8.03% and -11.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.75 million and changing -3.68% at the moment leaves the stock -51.24% off its SMA200. MHUA registered -57.53% loss for a year compared to 6-month loss of -59.42%. The firm has a 50-day simple moving average (SMA 50) of $0.32348 and a 200-day simple moving average (SMA200) of $0.584355.
The stock witnessed a -18.69% gain in the last 1 month and extending the period to 3 months gives it a -13.64%, and is -0.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.41% over the week and 11.15% over the month.
Current P/E ratio is 0.83. Profit margin for the company is 9.85%. Distance from 52-week low is 13.96% and -80.62% from its 52-week high. The company has generated returns on investments over the last 12 months (6.20%).
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Meihua International Medical Technologies Co Ltd (MHUA) Top Institutional Holders
8.0 institutions hold shares in Meihua International Medical Technologies Co Ltd (MHUA), with institutional investors hold 1.60% of the company’s shares. The shares outstanding are 26.09M, and float is at 10.16M with Short Float at 0.43%. Institutions hold 0.80% of the Float.
The top institutional shareholder in the company is ANSON FUNDS MANAGEMENT LP with over 0.65 million shares valued at $0.55 million. The investor’s holdings represent 2.7093% of the MHUA Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 24300.0 shares valued at $20702.0 to account for 0.1015 of the shares outstanding. The other top investors are UBS GROUP AG which holds 22734.0 shares representing 0.095% and valued at over $19369.0, while GEODE CAPITAL MANAGEMENT, LLC holds 0.07 of the shares totaling 16753.0 with a market value of $14322.0.
Meihua International Medical Technologies Co Ltd (MHUA) Insider Activity
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