Meihua International Medical Technologies (NASDAQ:MHUA) Shares Down 1.4% – Here’s Why

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA)’s share price traded down 1.4% during trading on Thursday . The company traded as low as $0.30 and last traded at $0.31. 227,133 shares were traded during trading, a decline of 31% from the average session volume of 330,793 shares. The stock had previously closed at $0.32.

Meihua International Medical Technologies Stock Performance

The business has a 50 day moving average of $0.45 and a 200 day moving average of $0.73.

Hedge Funds Weigh In On Meihua International Medical Technologies

A hedge fund recently raised its stake in Meihua International Medical Technologies stock. Anson Funds Management LP boosted its position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) by 249.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,267,301 shares of the company’s stock after purchasing an additional 1,618,698 shares during the quarter. Anson Funds Management LP owned 9.04% of Meihua International Medical Technologies worth $2,313,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.17% of the company’s stock.

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.