Streetbeat News

HLP

Hongli Group Inc.

https://www.hlyxgg.com

Industry

Steel

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. The company was incorporated in 2021 and is headquartered in Weifang, China. Hongli Group Inc. is a subsidiary of Hongli Development Limited.

Open

1.13

Mkt cap

14M

Volume

23K

High

1.25

P/E Ratio

-7.80

52-wk high

5.54

Low

1.13

Div yield

N/A

52-wk low

0.72

Industrial metal stocks are trading lower due to overall market weakness and a rise in Treasury yields following CPI data. This could potentially lead to increased demand uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:56 pm

Hongli Group's Board of Directors has approved the appointment of Ms. Xiangmei Zeng as CFO, replacing Ms. Yachun (Daisy) Wang, effective from October 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:59 pm

On Tuesday, 164 companies hit new 52-week lows. Notable companies include NextEra Energy, SenesTech, WeWork, and Tarena International. The largest move was seen by WeWork, with shares plummeting 3189.55% to hit a new 52-week low. Tarena International's shares had the biggest turnaround, rebounding 0.0% after reaching a new 52-week low.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:34 pm

In Friday's mid-day session, several stocks experienced significant movements. Notable gainers included Edible Garden AG Incorporated (EDBL), TradeUP Acquisition Corp. (UPTD), and Taoping Inc. (TAOP), which reported a YoY increase in H1 EPS and sales results. Dell Technologies Inc. (DELL) and Elastic N.V. (ESTC) also gained after reporting better-than-expected Q2 results and raising their outlooks. On the other hand, Aditxt, Inc. (ADTX) and iCoreConnect Inc. (ICCT) were among the losers, with Olin Corporation (OLN) tumbling after announcing that its CEO will step down in 2024.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 5:18 pm

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