Yunhong CTI (NASDAQ:CTIB) Stock Price Crosses Above Two Hundred Day Moving Average of $1.40

Shares of Yunhong CTI Ltd. (NASDAQ:CTIB – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.40 and traded as high as $1.79. Yunhong CTI shares last traded at $1.61, with a volume of 43,264 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Yunhong CTI in a research report on Wednesday. They issued a “hold” rating for the company.

Yunhong CTI Stock Performance

The company has a market cap of $32.15 million, a PE ratio of -7.67 and a beta of 0.96. The stock’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.40.

Yunhong CTI (NASDAQ:CTIB – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The industrial products company reported ($0.01) earnings per share for the quarter. Yunhong CTI had a negative return on equity of 340.08% and a negative net margin of 6.07%. The company had revenue of $5.57 million for the quarter.

Hedge Funds Weigh In On Yunhong CTI

An institutional investor recently raised its position in Yunhong CTI stock. Renaissance Technologies LLC grew its position in shares of Yunhong CTI Ltd. (NASDAQ:CTIB – Get Rating) by 19.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,566 shares of the industrial products company’s stock after purchasing an additional 27,500 shares during the period. Renaissance Technologies LLC owned 0.83% of Yunhong CTI worth $265,000 at the end of the most recent quarter. 4.61% of the stock is currently owned by institutional investors.

Yunhong CTI Company Profile

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Yunhong CTI Ltd. engages in development, production, and distribution of film products. Its products include Novelty Products and Flexible Films. The Novelty Products consist principally of foil and latex balloons and related gift items. The Flexible Films Products include food and other commercial and packaging applications.