Yunhong CTI (NASDAQ:CTIB) Shares Cross Above 200 Day Moving Average of $1.75

Yunhong CTI Ltd. (NASDAQ:CTIB)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.75 and traded as high as $1.79. Yunhong CTI shares last traded at $1.70, with a volume of 4,872 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Yunhong CTI in a research report on Tuesday, September 5th. They issued a “hold” rating for the company.

Yunhong CTI Stock Up 3.7 %

The firm has a market capitalization of $34.16 million, a PE ratio of -14.17 and a beta of 0.95. The stock has a 50-day moving average price of $1.87 and a 200 day moving average price of $1.75.

Yunhong CTI (NASDAQ:CTIB) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.01) EPS for the quarter. Yunhong CTI had a negative net margin of 4.72% and a negative return on equity of 32.60%. The business had revenue of $4.06 million during the quarter.

Institutional Trading of Yunhong CTI

Several large investors have recently made changes to their positions in CTIB. Charles Schwab Investment Management Inc. purchased a new stake in shares of Yunhong CTI during the second quarter worth approximately $40,000. Citadel Advisors LLC grew its holdings in Yunhong CTI by 151.5% in the 2nd quarter. Citadel Advisors LLC now owns 34,876 shares of the industrial products company’s stock valued at $69,000 after buying an additional 21,009 shares in the last quarter. Geode Capital Management LLC grew its holdings in Yunhong CTI by 240.5% in the 2nd quarter. Geode Capital Management LLC now owns 35,601 shares of the industrial products company’s stock valued at $70,000 after buying an additional 25,145 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Yunhong CTI by 19.8% in the 1st quarter. Renaissance Technologies LLC now owns 166,566 shares of the industrial products company’s stock valued at $265,000 after buying an additional 27,500 shares in the last quarter. 1.89% of the stock is currently owned by hedge funds and other institutional investors.

About Yunhong CTI

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 balloons twisted into shapes, as well as other inflatable toy items.