Meihua International Medical Technologies (NASDAQ:MHUA) Trading Up 0.6% – Should You Buy?

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) rose 0.6% on Friday . The stock traded as high as $0.34 and last traded at $0.34. Approximately 72,951 shares were traded during trading, a decline of 88% from the average daily volume of 633,568 shares. The stock had previously closed at $0.34.

Meihua International Medical Technologies Stock Up 0.6 %

The stock has a 50 day simple moving average of $0.33 and a 200-day simple moving average of $0.55.

Institutional Investors Weigh In On Meihua International Medical Technologies

A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP lifted its holdings in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,267,301 shares of the company’s stock after buying an additional 1,618,698 shares during the period. Anson Funds Management LP owned about 9.04% of Meihua International Medical Technologies worth $2,313,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.17% of the company’s stock.

Meihua International Medical Technologies Company Profile

Meihua International Medical Technologies Co, Ltd. engages in the manufacture, sells, and marketing of medical consumables in the People's Republic of China. The company offers class I, II, and III disposable medical devices. Its products include non-bottled products, such as brushes and ID bracelets; and polyethylene bottled products, such as eye drop and tablet bottles, as well as electronic pumps.