Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Meihua International Medical Technologies Co Ltd’s current trading price is -63.35% away from its 52-week high, while its distance from the 52-week low is 71.38%. The stock’s price range during this period has varied between $0.60 and $2.81. The company, active in the Healthcare sector, saw a trading volume of around 1.49 million for the day, considerably higher average daily volume of 1.29 million observed over the last three months.
The stock market performance of Meihua International Medical Technologies Co Ltd has been fairly unsteady. Over the last year, the company’s stock hit its highest at $2.81 on 12/27/23, while the lowest price during the same time frame was $0.60, recorded on 04/16/24.
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How Financial Performance Impacts Market Capitalization
Meihua International Medical Technologies Co Ltd (MHUA) has experienced a quarterly rise of 23.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.22M and boasts a workforce of 617 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8279, with a change in price of +0.3690. Similarly, Meihua International Medical Technologies Co Ltd recorded 850,391 in trading volume during the last 100 days, posting a change of +55.82%.
How MHUA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MHUA stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.00.
MHUA Stock Stochastic Average
As of today, the raw stochastic average of Meihua International Medical Technologies Co Ltd over the past 50 days is 48.36%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 61.67%. Additionally, the Stochastic %K and %D values for the company were 69.85% and 70.02%, respectively, over the past 20 days.
MHUA Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -30.41% this year. Over the last six months, there has been a weaker performance of 33.14%. The price of MHUA fallen by 55.94% during the last 30 days period. For the last 5-days stocks have slided -7.21%.
