Huadi International Group (NASDAQ:HUDI) Issues Quarterly Earnings Results

Huadi International Group (NASDAQ:HUDI) announced its earnings results on Monday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The firm had revenue of $12.04 million during the quarter.

Huadi International Group Stock Performance

Shares of NASDAQ:HUDI opened at $0.92 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.89 and a quick ratio of 1.90. Huadi International Group has a 12 month low of $0.75 and a 12 month high of $5.46. The company’s 50-day moving average price is $1.06 and its two-hundred day moving average price is $1.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Huadi International Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Huadi International Group

An institutional investor recently bought a new stake in Huadi International Group stock. Virtu Financial LLC bought a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the 3rd quarter, according to the company in its most recent disclosure 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 about 0.14% of Huadi International Group at the end of the most recent quarter. Institutional investors own 0.15% of the company’s stock.

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.