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

Huadi International Group (NASDAQ:HUDI) posted its earnings results on Monday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The firm had revenue of $12.04 million for the quarter.

Huadi International Group Stock Down 4.4%

Shares of NASDAQ HUDI opened at $0.87 on Tuesday. The firm has a 50 day moving average price of $1.06 and a two-hundred day moving average price of $1.17. Huadi International Group has a 52-week low of $0.75 and a 52-week 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Huadi International Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Huadi International Group has an average rating of “Sell”.

Institutional Trading of Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC bought a new position in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.14% of Huadi International Group as of its most recent SEC filing. 0.15% of the stock is owned by institutional investors and hedge funds.

About Huadi International Group

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.