Meihua International Medical Technologies (NASDAQ:MHUA) Shares Down 4.8%

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA)’s share price fell 4.8% on Thursday . The company traded as low as $1.56 and last traded at $1.57. 179,257 shares changed hands during mid-day trading, an increase of 119% from the average session volume of 81,965 shares. The stock had previously closed at $1.65.

Meihua International Medical Technologies Price Performance

The stock’s 50 day moving average price is $1.96 and its two-hundred day moving average price is $2.67.

Hedge Funds Weigh In On Meihua International Medical Technologies

An institutional investor recently bought a new position in Meihua International Medical Technologies stock. Tower Research Capital LLC TRC acquired a new stake in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,763 shares of the company’s stock, valued at approximately $31,000. Institutional investors own 0.11% of the company’s stock.

About Meihua International Medical Technologies

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.