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Is Meihua International Medical Technologies Co. Ltd. (NASDAQ:MHUA) A Strong Comeback Candidate At -44.96% Off Its High?

In last trading session, Meihua International Medical Technologies Co. Ltd. (NASDAQ:MHUA) saw 0.1 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $10.21 trading at $1.04 or 11.34% at ring of the bell on the day assigns it a market valuation of $281.18M. That closing price of MHUA’s stock is at a discount of -44.96% from its 52-week high price of $14.80 and is indicating a premium of 74.53% from its 52-week low price of $2.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 52380.0 shares which gives us an average trading volume of 20.73K if we extend that period to 3-months.

Meihua International Medical Technologies Co. Ltd. (NASDAQ:MHUA) trade information

Upright in the green during last session for gaining 11.34%, in the last five days MHUA remained trading in the red while hitting it’s week-highest on Wednesday, 11/23/22 when the stock touched $10.21 price level, adding 8.18% to its value on the day. Meihua International Medical Technologies Co. Ltd.’s shares saw a change of -20.98% in year-to-date performance and have moved -0.29% in past 5-day. Meihua International Medical Technologies Co. Ltd. (NASDAQ:MHUA) showed a performance of 53.30% in past 30-days. Number of shares sold short was 16230.0 shares which calculate 1.52 days to cover the short interests.

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MHUA Dividends

Meihua International Medical Technologies Co. Ltd. is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Meihua International Medical Technologies Co. Ltd. (NASDAQ:MHUA)’s Major holders

Insiders are in possession of 57.86% of company’s total shares while institution are holding 0.02 percent of that, with stock having share float percentage of 0.06%. Investors also watch the number of corporate investors in a company very closely, which is 0.02% institutions for Meihua International Medical Technologies Co. Ltd. that are currently holding shares of the company.

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