Huadi International Group (NASDAQ:HUDI) Announces Quarterly Earnings Results

Huadi International Group (NASDAQ:HUDIGet Free Report) released its earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $12.04 million during the quarter.

Huadi International Group Price Performance

NASDAQ:HUDI opened at $0.90 on Monday. The stock’s 50-day moving average is $1.07 and its 200-day moving average is $1.18. Huadi International Group has a 1-year low of $0.75 and a 1-year high of $5.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.90 and a current ratio of 2.89.

Institutional Investors Weigh In On Huadi International Group

An institutional investor recently bought a new stake in Huadi International Group stock. Virtu Financial LLC purchased a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDIFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.14% of Huadi International Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Huadi International Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on HUDI

About Huadi International Group

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Huadi International Group Co, Ltd. manufactures and sells industrial stainless steel seamless pipes and tubes in the People's Republic of China. The company's products are used in the oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally.

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