Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) Share Price Recovers 33.33% From Its Lows, But Can It Maintain Its Rise?

In last trading session, Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) saw 1.09 million shares changing hands with its beta currently measuring 0.44. Company’s recent per share price level of $0.90 trading at $0.07 or 8.89% at ring of the bell on the day assigns it a market valuation of $23.47M. That closing price of MHUA’s stock is at a discount of -212.22% from its 52-week high price of $2.81 and is indicating a premium of 33.33% 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 0.4 million shares which gives us an average trading volume of 1.32 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 8.89%, in the last five days MHUA remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $0.90 price level, adding 4.96% to its value on the day. Meihua International Medical Technologies Co Ltd’s shares saw a change of -39.23% in year-to-date performance and have moved 19.82% in past 5-day. Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) showed a performance of -12.68% 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.