Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) Is 21.88% Above Its 52-Week Low, But How Long Can It Continue?

In last trading session, Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) saw 0.25 million shares changing hands with its beta currently measuring 0.53. Company’s recent per share price level of $0.32 trading at -$0.03 or -8.13% at ring of the bell on the day assigns it a market valuation of $8.41M. That closing price of MHUA’s stock is at a discount of -359.37% from its 52-week high price of $1.47 and is indicating a premium of 21.88% from its 52-week low price of $0.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.28 million shares which gives us an average trading volume of 944.48K if we extend that period to 3-months.

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

Upright in the red during last session for losing -8.13%, in the last five days MHUA remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $0.32 price level, adding 15.54% to its value on the day. Meihua International Medical Technologies Co Ltd’s shares saw a change of -6.66% in year-to-date performance and have moved -6.66% in past 5-day. Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) showed a performance of -31.51% in past 30-days. Number of shares sold short was 0.37 million shares which calculate 0.42 days to cover the short interests.

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.