Huadi International Group (NASDAQ:HUDI) Stock Jumps 2.4% – Should You Buy?

Shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI – Get Free Report) traded up 2.4% during trading on Monday. The stock traded as high as $0.81 and last traded at $0.7010. 100,537 shares changed hands during trading, an increase of 493% from the average daily volume of 16,945 shares. The stock had previously closed at $0.6848.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Huadi International Group

Huadi International Group Trading Down 0.9%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.59 and a current ratio of 2.61. The stock’s 50 day moving average is $0.79 and its 200-day moving average is $0.95.

Huadi International Group Company Profile

(Get Free Report)

Huadi International Group Co, Ltd. is a China-based manufacturer and supplier of stainless steel seamless pipes and related piping products. The company produces pipes and tubes designed for use in demanding industrial applications, including oil and gas, petrochemicals, chemicals, power generation, machinery manufacturing, and construction.

Its product offerings include stainless steel seamless pipes in various grades, specifications, and dimensions. These products are used to transport fluids and gases and in industrial systems that require corrosion resistance, durability, and performance under high pressure or elevated temperatures.

Further Reading

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