Meihua International Medical Technologies Co Ltd [NASDAQ: MHUA] traded at a high on Friday, posting a 3.31 gain after which it closed the day’ session at $0.32.
The results of the trading session contributed to over 234182 shares changing hands. Over the past one week, the price volatility of Meihua International Medical Technologies Co Ltd stands at 9.77% while the volatility over the past one month is 19.25%.
The market cap for MHUA stock reached $8.48 million, with 26.09 million shares outstanding and 10.16 million shares in the current float. Compared to the average trading volume of 960.56K shares, MHUA reached a trading volume of 234182 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Meihua International Medical Technologies Co Ltd [MHUA]?
The Average True Range (ATR) for Meihua International Medical Technologies Co Ltd is set at 0.05, with the Price to Sales ratio for MHUA stock in the period of the last 12 months amounting to 0.09. The Price to Book ratio for the last quarter was 0.06, with the Price to Cash per share for the same quarter was set at 0.71. Price to Free Cash Flow for MHUA in the course of the last twelve months was 1.00 with Quick ratio for the last quarter at 4.74.
How has MHUA stock performed recently?
Meihua International Medical Technologies Co Ltd [MHUA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.84. With this latest performance, MHUA shares dropped by -34.18% in over the last four-week period, additionally sinking by -67.18% over the last 6 months – not to mention a drop of -64.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MHUA stock in for the last two-week period is set at 37.73, with the RSI for the last a single of trading hit 38.17, and the three-weeks RSI is set at 38.43 for Meihua International Medical Technologies Co Ltd [MHUA]. The present Moving Average for the last 50 days of trading for this stock 0.4598, while it was recorded at 0.3186 for the last single week of trading, and 0.7264 for the last 200 days.
Meihua International Medical Technologies Co Ltd [MHUA]: Deeper insight into the fundamentals
Meihua International Medical Technologies Co Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.74 and a Current Ratio set at 4.78.
Insider trade positions for Meihua International Medical Technologies Co Ltd [MHUA]
The top three institutional holders of MHUA stocks are: ANSON FUNDS MANAGEMENT LP with ownership of 0.65 million shares, which is approximately 2.7093%. RENAISSANCE TECHNOLOGIES LLC, holding 24300.0 shares of the stock with an approximate value of $$20702.0 in MHUA stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$19369.0 in MHUA stock with ownership which is approximately 0.095%.
