Huadi International Group (NASDAQ:HUDI) Stock Price Up 5% – Should You Buy?

Huadi International Group Co., Ltd. (NASDAQ:HUDI)’s stock price rose 5% during trading on Wednesday . The stock traded as high as $1.26 and last traded at $1.26. Approximately 9,703 shares were traded during trading, an increase of 6% from the average daily volume of 9,167 shares. The stock had previously closed at $1.20.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Huadi International Group in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Huadi International Group presently has an average rating of “Sell”.

Huadi International Group Stock Performance

The firm’s fifty day moving average is $1.24 and its two-hundred day moving average is $1.28. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 0.11.

Huadi International Group (NASDAQ:HUDI) last released its quarterly earnings results on Friday, January 30th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $16.71 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC bought a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.14% of Huadi International Group as of its most recent SEC filing. 0.15% of the stock is owned by institutional investors.

About Huadi International Group

Huadi International Group Co, Ltd. manufactures and sells industrial stainless steel seamless pipes and tubes in the People's Republic of China. The company's products are used in the oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally.