Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) does about 1.14M shares in volume on a normal day but saw 2769689 shares change hands in the recent trading day. The company now has a market cap of 28.52M USD. Its current market price is $1.12, marking an increase of 33.33% compared to the previous close of $0.84. The 52 week high reached by this stock is $3.63 whilst the lowest price level in 52 weeks is $0.60.
Meihua International Medical Technologies Co Ltd (MHUA) has a 20-day trading average at $0.7399 and the current price is -69.15% off the 52-week high compared with 86.36% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8569 and its 200-day simple moving average is $1.0007. If we look at the stock’s price movements over the week, volatility stands at 17.07%, which decreases to 12.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.99 to suggest the stock is overbought.
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The current price level is 52.29%, 31.95%, and 11.62% away from its SMA20, SMA50, and SMA200 respectively, with the MHUA price moving below the 50-day SMA on current market day. Meihua International Medical Technologies Co Ltd (MHUA) stock is up 67.92% over the week and 9.80% over the past month. Its price is -24.32% year-to-date and -68.63% over the past year.
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The company has a return on investment of 7.94% and return on equity of 8.17%. The price to earnings ratio (P/E ratio) amounts to 2.31. The beta has a value of 0.44. Price to book ratio is 0.18 and price to sales ratio is 0.29.
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