The stock of Meihua International Medical Technologies Co Ltd (NASDAQ: MHUA) has decreased by -17.95 when compared to last closing price of 0.72.Despite this, the company has seen a gain of 9.42% in its stock price over the last five trading days. prnewswire.com reported 2024-10-07 that YANGZHOU, China, Oct. 7, 2024 /PRNewswire/ — Meihua International Medical Technologies Co., Ltd. (“MHUA” or the “Company”) (Nasdaq: MHUA), a reputable manufacturer and provider of Class I, II, and III disposable medical devices with operating subsidiaries in China, today announced that on October 3, 2024, it received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).
Is It Worth Investing in Meihua International Medical Technologies Co Ltd (NASDAQ: MHUA) Right Now?
The price-to-earnings ratio for Meihua International Medical Technologies Co Ltd (NASDAQ: MHUA) is above average at 1.71x, Company’s 36-month beta value is 0.55.
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The public float for MHUA is 10.16M, and currently, short sellers hold a 3.12% ratio of that floaft. The average trading volume of MHUA on November 26, 2024 was 690.75K shares.
MHUA’s Market Performance
MHUA stock saw a decrease of 9.42% in the past week, with a monthly decline of -12.60% and a quarterly a decrease of -47.31%. The volatility ratio for the week is 21.95%, and the volatility levels for the last 30 days are 14.90% for Meihua International Medical Technologies Co Ltd (MHUA). The simple moving average for the past 20 days is -1.20% for MHUA’s stock, with a -25.36% simple moving average for the past 200 days.
MHUA Trading at -23.99% from the 50-Day Moving Average
After a stumble in the market that brought MHUA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.00% of loss for the given period.
Volatility was left at 14.90%, however, over the last 30 days, the volatility rate increased by 21.95%, as shares sank -21.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.86% lower at present.
During the last 5 trading sessions, MHUA rose by +9.42%, which changed the moving average for the period of 200-days by -40.32% in comparison to the 20-day moving average, which settled at $0.5973. In addition, Meihua International Medical Technologies Co Ltd saw -60.13% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MHUA
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.33 for the gross margin
The net margin for Meihua International Medical Technologies Co Ltd stands at 0.1. The total capital return value is set at 0.08. Equity return is now at value 6.43, with 5.43 for asset returns.
Based on Meihua International Medical Technologies Co Ltd (MHUA), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 88.72.
Currently, EBITDA for the company is 15.77 million with net debt to EBITDA at -0.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.09. The receivables turnover for the company is 0.93for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.78.
Conclusion
In a nutshell, Meihua International Medical Technologies Co Ltd (MHUA) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
