Meihua International Medical Technologies (NASDAQ:MHUA) Shares Down 55.4% – Should You Sell?

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) traded down 55.4% on Friday . The stock traded as low as $7.36 and last traded at $6.25. 153,423 shares were traded during trading, an increase of 645% from the average session volume of 20,602 shares. The stock had previously closed at $14.02.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Meihua International Medical Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Meihua International Medical Technologies Stock Performance

The company’s 50-day moving average price is $13.99 and its 200 day moving average price is $30.82.

About Meihua International Medical Technologies

Meihua International Medical Technologies Inc is a Nasdaq‐listed company primarily engaged in the development, manufacturing and distribution of disposable medical gloves. Through its wholly owned operating subsidiaries in Wenzhou, Zhejiang Province, China, Meihua produces a range of nitrile and latex gloves designed for medical, industrial and consumer applications. The company’s operations include end‐to‐end glove production—from raw material processing to finished goods packaging—ensuring quality control across each stage of manufacture.

The company’s product offering comprises examination gloves, surgical gloves, industrial‐use gloves and household gloves.