Hongli Group (NASDAQ:HLP) Upgraded at Wall Street Zen

Hongli Group (NASDAQ:HLP) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Hongli Group in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hongli Group Price Performance

HLP stock opened at $0.54 on Friday. Hongli Group has a 52 week low of $0.34 and a 52 week high of $1.72. The firm has a 50-day simple moving average of $0.70 and a 200-day simple moving average of $0.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Hongli Group stock. Renaissance Technologies LLC acquired a new stake in Hongli Group Inc. (NASDAQ:HLP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 69,400 shares of the company’s stock, valued at approximately $72,000.

Hongli Group Company Profile

Hongli Group (NASDAQ: HLP) is a China-based manufacturer specializing in high-performance polyethylene separator membranes for lithium-ion batteries. The company develops, produces and distributes microporous membrane products designed to enhance battery safety, efficiency and life span. Its core separators find application in electric vehicles, consumer electronics, energy storage systems and power tools.

Leveraging in-house research and development capabilities, Hongli Group continually refines its production processes and membrane formulations.