After A -53.33% Fall This Year Is Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) A Better Buy Than Others?

In last trading session, Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) saw 1.58 million shares changing hands with its beta currently measuring 0.45. Company’s recent per share price level of $0.83 trading at $0.12 or 16.42% at ring of the bell on the day assigns it a market valuation of $21.55M. That closing price of MHUA’s stock is at a discount of -238.55% from its 52-week high price of $2.81 and is indicating a premium of 27.71% from its 52-week low price of $0.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.17 million shares which gives us an average trading volume of 1.29 million 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 16.42%, in the last five days MHUA remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $0.83 price level, adding 1.19% to its value on the day. Meihua International Medical Technologies Co Ltd’s shares saw a change of -44.19% in year-to-date performance and have moved 10.13% in past 5-day. Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) showed a performance of -25.59% in past 30-days. Number of shares sold short was 92814.0 shares which calculate 0.26 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -6.64% during past 5 years.

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

ANSON FUNDS MANAGEMENT LP is the top institutional holder at MHUA for having 0.65 million shares of worth $0.55 million. And as of 2024-06-30, it was holding 2.7093 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 24300.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.1015 of outstanding shares, having a total worth of $20702.0.