HUHUTECH International Group (NASDAQ:HUHU) Trading Down 0.2% - Here's What Happened

Key Points

• HUHUTECH International Group's stock (NASDAQ:HUHU) declined 0.2%, trading at $6.17 with a volume drop of 23% from its average session.
• Wall Street Zen has recently upgraded HUHUTECH shares to a "hold" rating, signaling a cautious outlook on the stock.
• Invesco Ltd. has acquired a new stake in HUHUTECH, purchasing 16,630 shares valued at approximately $81,000, reflecting interest from institutional investors.

HUHUTECH International Group Inc. (NASDAQ:HUHU - Get Free Report) shares were down 0.2% during mid-day trading on Monday . The company traded as low as $6.10 and last traded at $6.17. Approximately 91,998 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 119,961 shares. The stock had previously closed at $6.18.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HUHUTECH International Group to a "hold" rating in a report on Saturday, August 9th.

HUHUTECH International Group Stock Down 0.1%

The stock's fifty day simple moving average is $6.51 and its 200-day simple moving average is $5.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HUHUTECH International Group stock. Citadel Advisors LLC purchased a new position in HUHUTECH International Group Inc. (NASDAQ:HUHU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,839 shares of the company's stock, valued at approximately $374,000. Citadel Advisors LLC owned 0.37% of HUHUTECH International Group as of its most recent filing with the Securities and Exchange Commission (SEC).

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.