Yunhong CTI (NASDAQ:CTIB) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Yunhong CTI (NASDAQ:CTIBGet Rating) in a report released on Friday. The firm set a “hold” rating on the industrial products company’s stock.

NASDAQ:CTIB opened at $0.78 on Friday. Yunhong CTI has a 1-year low of $0.75 and a 1-year high of $3.41. The company has a 50-day moving average of $1.00 and a 200 day moving average of $1.21.

A hedge fund recently raised its stake in Yunhong CTI stock. Renaissance Technologies LLC raised its position in shares of Yunhong CTI Ltd. (NASDAQ:CTIBGet Rating) by 36.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,766 shares of the industrial products company’s stock after buying an additional 73,600 shares during the quarter. Renaissance Technologies LLC owned about 4.65% of Yunhong CTI worth $531,000 at the end of the most recent reporting period. 4.98% of the stock is owned by institutional investors and hedge funds.

About Yunhong CTI (Get Rating)

Yunhong CTI Ltd. develops, produces, distributes, and sells consumer products in the United States and internationally. It offers novelty products, including foil balloons; latex balloons under the Partyloons name; and toy balloon products, which include punch balls, water bombs, and Animal Twisties, as well as other inflatable toy items.

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