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

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

Wall Street Analysts Forecast Growth

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

Huadi International Group Stock Performance

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 business’s 50-day simple moving average is $0.85 and its two-hundred day simple moving average is $1.07.

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

Institutional Trading of Huadi International Group

A hedge fund recently bought a new position in Huadi International Group stock. Virtu Financial LLC bought a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the third quarter, according to its most recent filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission. 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.