Huadi International Group (NASDAQ:HUDI) Shares Down 0.4% – What’s Next?

Huadi International Group Co., Ltd. (NASDAQ:HUDI)’s share price dropped 0.4% during mid-day trading on Wednesday . The company traded as low as $0.85 and last traded at $0.9327. Approximately 94,764 shares were traded during trading, a decline of 97% from the average session volume of 3,354,144 shares. The stock had previously closed at $0.9367.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Huadi International Group Price Performance

The stock’s 50 day moving average price is $0.85 and its 200-day moving average price is $1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.61 and a quick ratio of 1.59.

Huadi International Group (NASDAQ:HUDI) last released its earnings results on Monday, June 29th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $12.04 million for the quarter.

Hedge Funds Weigh In On Huadi International Group

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC bought a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.14% of Huadi International Group at the end of the most recent quarter. Hedge funds and other institutional investors own 0.15% of the company’s stock.

Huadi International Group Company Profile

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.