Huadi International Group Co., Ltd. (NASDAQ:HUDI – Get Free Report) shares were up 14.4% during trading on Tuesday. The company traded as high as $0.5101 and last traded at $0.4925. Approximately 67,240 shares traded hands during trading, The stock had previously closed at $0.4305.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Huadi International Group in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Huadi International Group presently has an average rating of “Sell”.
Huadi International Group Stock Up 6.9%
The company has a quick ratio of 1.59, a current ratio of 2.61 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $0.73 and a 200-day moving average price of $0.99.
Huadi International Group Company Profile
Huadi International Group Co, Ltd. is a China-based manufacturer of stainless steel seamless pipes and tubes. The company produces products for industrial and specialized applications, including piping used in the petroleum, petrochemical, chemical processing, natural gas, power generation, shipbuilding, machinery and construction industries.
Its product offerings include stainless steel seamless pipes and tubes manufactured in various grades, sizes and specifications. Huadi serves customers that require corrosion-resistant and high-strength piping for fluid transportation, heat exchange, pressure systems and other demanding operating environments.
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