Meihua International Medical Technologies (NASDAQ:MHUA) Stock Price Up 0.6% – Should You Buy?

Shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) rose 0.6% during mid-day trading on Friday . The stock traded as high as $0.34 and last traded at $0.34. Approximately 72,951 shares changed hands during trading, a decline of 88% from the average daily volume of 633,568 shares. The stock had previously closed at $0.34.

Meihua International Medical Technologies Stock Up 0.6 %

The business’s 50 day moving average is $0.33 and its 200 day moving average is $0.56.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP boosted its stake in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,267,301 shares of the company’s stock after purchasing an additional 1,618,698 shares during the quarter. Anson Funds Management LP owned about 9.04% of Meihua International Medical Technologies worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.17% of the stock is currently owned by institutional investors and hedge funds.

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.