Hongli (HLP, Financial) experienced a significant stock movement with a sharp decline of 10.72%. The stock is now trading at $1.24 per share with a volume of 13,475 shares and a turnover rate of 0.10%. The stock's amplitude is recorded at 6.84%.
Recent financial reports reveal that Hongli achieved a revenue of $6.96 million but suffered a net loss of $1.90 million, resulting in an earnings per share (EPS) of -$0.15. The gross profit stands at $2.25 million, and its price-to-earnings (P/E) ratio is -8.93. Currently, there are no institutional ratings suggesting a "buy," "hold," or "sell" for the stock.
Within the steel industry, where Hongli operates, the overall decline is 1.54%. Noteworthy performers include Mesabi Trust, General Stainless & Alloy Products Inc., and Friedman Industries Inc., which have shown notable gains. Active stocks in the sector comprise Inno Holdings Inc., Cliffs Natural Resources, and General Stainless & Alloy Products Inc., with turnover rates of 2.42%, 1.80%, and 0.88% respectively. High volatility is observed in stocks like Inno Holdings Inc., Hongli, and Huadi International, with amplitudes of 34.06%, 12.59%, and 8.61% respectively.
Hongli Group Inc, a Chinese manufacturer, specializes in the production of cold-rolled steel profiles for various industries. Their products support sectors including mining, construction, agriculture, and transportation.
