HUHUTECH International Group (NASDAQ:HUHU) Shares Up 0.5% – Here’s Why

HUHUTECH International Group Inc. (NASDAQ:HUHU) shares were up 0.5% on Friday . The stock traded as high as $9.87 and last traded at $9.80. Approximately 14,564 shares changed hands during trading, a decline of 35% from the average daily volume of 22,503 shares. The stock had previously closed at $9.75.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HUHU. Weiss Ratings reiterated a “sell (d)” rating on shares of HUHUTECH International Group in a research note on Monday, December 1st. Wall Street Zen upgraded shares of HUHUTECH International Group to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

HUHUTECH International Group Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $6.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HUHUTECH International Group stock. Citadel Advisors LLC bought a new position in shares of HUHUTECH International Group Inc. (NASDAQ:HUHU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,591 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned about 0.07% of HUHUTECH International Group at the end of the most recent reporting period.

About HUHUTECH International Group

HUHUTECH International Group, Inc designs and provides customized high-purity gas and chemical production system and equipment. The company was founded by Yu Jun Xiao on July 8, 2021 and is headquartered in Wuxi City, China.