Hongli Group (NASDAQ:HLP) Trading Up 0.9% – Should You Buy?

Hongli Group Inc. (NASDAQ:HLPGet Free Report)’s stock price shot up 0.9% on Tuesday . The stock traded as high as $1.14 and last traded at $1.10. 68,802 shares were traded during mid-day trading, a decline of 49% from the average session volume of 134,089 shares. The stock had previously closed at $1.09.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Hongli Group in a research report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Stock Report on Hongli Group

Hongli Group Stock Performance

The business’s 50 day simple moving average is $1.51 and its two-hundred day simple moving average is $1.07.

Hongli Group Company Profile

(Get Free Report)

Hongli Group Inc, through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries.

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