Hongli Group (NASDAQ:HLP) Stock Price Up 2.8% – Still a Buy?

Hongli Group Inc. (NASDAQ:HLPGet Free Report) rose 2.8% during trading on Friday . The stock traded as high as $1.20 and last traded at $1.13. Approximately 24,855 shares changed hands during trading, a decline of 85% from the average daily volume of 168,680 shares. The stock had previously closed at $1.10.

Hongli Group Trading Up 2.8 %

The business has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.63.

About Hongli Group

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Hongli Group Inc, through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries.

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