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

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA)’s stock is going to reverse split on the morning of 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 Stock Down 35.6%

MHUA traded down $0.08 on Thursday, hitting $0.15. The company had a trading volume of 1,332,652 shares, compared to its average volume of 256,874. Meihua International Medical Technologies has a 1 year low of $0.14 and a 1 year high of $0.76. The company’s fifty day moving average price is $0.32 and its 200 day moving average price is $0.38.

Analysts Set New Price Targets

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