Meihua International Medical Technologies (NASDAQ:MHUA) Shares Down 1.4% – What’s Next?

Shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) traded down 1.4% during trading on Thursday . The stock traded as low as $0.30 and last traded at $0.31. 227,133 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 330,793 shares. The stock had previously closed at $0.32.

Meihua International Medical Technologies Stock Up 3.3 %

The firm’s fifty day simple moving average is $0.44 and its 200 day simple moving average is $0.72.

Institutional Investors Weigh In On Meihua International Medical Technologies

An institutional investor recently raised its position in Meihua International Medical Technologies stock. Anson Funds Management LP grew its stake in Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,267,301 shares of the company’s stock after purchasing an additional 1,618,698 shares during the period. 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. 1.17% of the stock is currently owned by institutional investors.

Meihua International Medical Technologies Company Profile

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.