The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Meihua International Medical Technologies Co Ltd’s current trading price is -62.63% away from its 52-week high, while its distance from the 52-week low is 74.71%. The stock’s price range for this period has been between $0.60 and $2.81 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 8.26 million for the day, a number notably higher than the average daily volume of 1.34 million over the last three months.
Meihua International Medical Technologies Co Ltd experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $2.81 on 12/27/23, while the lowest price for the same period was registered at $0.60 on 04/16/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Meihua International Medical Technologies Co Ltd (MHUA) has experienced a quarterly rise of 7.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 27.39M and boasts a workforce of 617 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8755, with a change in price of +0.3810. Similarly, Meihua International Medical Technologies Co Ltd recorded 989,327 in trading volume during the last 100 days, posting a change of +56.95%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MHUA stands at 0.08. Similarly, the long-term debt-to-equity ratio is also 0.00.
MHUA Stock Stochastic Average
Meihua International Medical Technologies Co Ltd’s raw stochastic average for the past 50 days is presently 66.40%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 74.46%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 51.27% and 30.42%, respectively.
MHUA Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded a decrease of -29.05%. However, over the last six months, the performance has been weaker by 64.17%. The price of MHUA increased 1.94% over the last 30 days. And in the last five days, it has surged by 41.60%.
