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

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

Analysts Set New Price Targets

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

Huadi International Group Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 2.61 and a quick ratio of 1.59. The stock’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $1.07.

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

Institutional Trading of Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC purchased a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. 0.15% of the stock is currently owned by hedge funds and other institutional investors.

About Huadi International Group

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.