Meihua International Medical Technologies (NASDAQ:MHUA) Stock Price Up 16.7% – Here’s Why

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA)’s stock price shot up 16.7% during mid-day trading on Friday . The company traded as high as $1.17 and last traded at $1.05. 8,262,308 shares traded hands during mid-day trading, an increase of 1,184% from the average session volume of 643,604 shares. The stock had previously closed at $0.90.

Meihua International Medical Technologies Price Performance

The stock has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $0.82.

Institutional Trading of Meihua International Medical Technologies

A hedge fund recently bought a new stake in Meihua International Medical Technologies stock. Anson Funds Management LP purchased a new position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 370,949 shares of the company’s stock, valued at approximately $274,000. Anson Funds Management LP owned approximately 1.48% of Meihua International Medical Technologies as of its most recent filing with the Securities & Exchange Commission. 1.17% of the stock is currently owned by hedge funds and other institutional investors.

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.