Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) does about 661.78K shares in volume on a normal day but saw 1872495 shares change hands in the recent trading day. The company now has a market cap of 15.47M USD. Its current market price is $0.59, marking an increase of 16.83% compared to the previous close of $0.51. The 52 week high reached by this stock is $2.81 whilst the lowest price level in 52 weeks is $0.43.
Meihua International Medical Technologies Co Ltd (MHUA) has a 20-day trading average at $0.5412 and the current price is -78.90% off the 52-week high compared with 37.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6727 and its 200-day simple moving average is $0.7738. If we look at the stock’s price movements over the week, volatility stands at 13.24%, which increases to 15.56% 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 51.44 to suggest the stock is neutral.
The current price level is 9.53%, -11.88%, and -23.39% away from its SMA20, SMA50, and SMA200 respectively, with the MHUA price moving above the 50-day SMA on current market day. Meihua International Medical Technologies Co Ltd (MHUA) stock is up 16.92% over the week and 12.29% over the past month. Its price is -59.95% year-to-date and -64.29% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
Outstanding shares total 26.09M with insiders holding 56.47% of the shares and institutional holders owning 8.70% of the company’s common stock. The company has a return on investment of 6.20% and return on equity of 6.43%. The price to earnings ratio (P/E ratio) amounts to 1.72. The beta has a value of 0.39. Price to book ratio is 0.10 and price to sales ratio is 0.16.
