China based industrial stainless steel seamless tube products and pipes manufacturing company Huadi International Group Co Ltd (NASDAQ:HUDI) was in considerable focus among investors last Friday and that was visible from the price action in the stock.
The Huadi stock ended the day with gains of as much as 36% and it could come into focus this week as well in light of such strong gains. However, amidst all this, it is perhaps also necessary to remember that there has been no news at all about the company for several weeks. The last time any news emerged about Huadi was back on August 26 this year.
At the time the company announced its interim financial results for the six month period that had ended on March 31, 2021. The company managed to generate revenues of as much as $29.89 million for the period and that reflected a year on year rise of 16.94% from the $25.56 million that had been generated in the prior year period.
The growth in revenues was driven by the rise in sales and the number of clients in the domestic market in China. On the other hand, the gross profit also went up by 15.08% year on year to hit $5.35 million.
