Meihua International Medical Technologies (NASDAQ:MHUA) Stock Scheduled to Reverse Split on Monday, November 24th

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) shares are going to reverse split on Monday, November 24th. The 1-100 reverse split was announced on Wednesday, November 19th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 21st.

Meihua International Medical Technologies Trading Down 35.6%

MHUA stock traded down $0.08 during midday trading on Thursday, reaching $0.15. 1,332,652 shares of the company’s stock traded hands, compared to its average volume of 256,874. The company has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $0.38. Meihua International Medical Technologies has a 1-year low of $0.14 and a 1-year high of $0.76.

Wall Street Analysts Forecast Growth

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

Meihua International Medical Technologies Company Profile

Meihua International Medical Technologies Co, Ltd. engages in the manufacture, sells, and marketing of medical consumables in the People's Republic of China. The company offers class I, II, and III disposable medical devices. Its products include non-bottled products, such as brushes and ID bracelets; and polyethylene bottled products, such as eye drop and tablet bottles, as well as electronic pumps.