Hongli Group (NASDAQ:HLP) Trading 2.7% Higher – Here’s What Happened

Hongli Group Inc. (NASDAQ:HLPGet Free Report)’s share price was up 2.7% during trading on Friday . The company traded as high as $1.60 and last traded at $1.51. Approximately 66,787 shares changed hands during trading, a decline of 52% from the average daily volume of 138,689 shares. The stock had previously closed at $1.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Hongli Group in a report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Check Out Our Latest Research Report on HLP

Hongli Group Trading Up 2.7%

The business’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $1.05.

Hongli Group Company Profile

(Get Free Report)

Hongli Group Inc, through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries.

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