Meihua International Medical Technologies (NASDAQ:MHUA) Trading 3.3% Higher

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA)’s share price rose 3.3% during trading on Thursday . The stock traded as high as $0.63 and last traded at $0.63. Approximately 14,091 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 400,625 shares. The stock had previously closed at $0.61.

Meihua International Medical Technologies Price Performance

The company has a 50-day moving average price of $0.76 and a 200 day moving average price of $1.30.

Institutional Investors Weigh In On Meihua International Medical Technologies

A hedge fund recently bought a new stake in Meihua International Medical Technologies stock. Tower Research Capital LLC TRC bought a new stake in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,763 shares of the company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 1.17% 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.