Hongli Group (NASDAQ:HLP) Shares Up 2.8% – Should You Buy?

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

Hongli Group Trading Up 2.8 %

The stock has a fifty day moving average of $1.43 and a two-hundred day moving average 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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