Meihua International Medical Technologies (NASDAQ:MHUA) Stock Price Down 55.4% – Should You Sell?

Shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) traded down 55.4% during trading on Thursday . The stock traded as low as $7.36 and last traded at $6.25. 153,423 shares traded hands during mid-day trading, an increase of 645% from the average session volume of 20,602 shares. The stock had previously closed at $14.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Meihua International Medical Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Meihua International Medical Technologies has an average rating of “Sell”.

Meihua International Medical Technologies Price Performance

The business’s fifty day moving average is $22.45 and its 200-day moving average is $34.92.

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.