Yunhong CTI (NASDAQ:CTIB) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Yunhong CTI (NASDAQ:CTIB – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Yunhong CTI Stock Down 4.9 %

Shares of CTIB opened at $1.54 on Wednesday. The company has a 50 day moving average of $1.52 and a two-hundred day moving average of $1.40. Yunhong CTI has a twelve month low of $0.33 and a twelve month high of $2.08. The company has a market cap of $30.75 million, a price-to-earnings ratio of -7.33 and a beta of 0.96.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Yunhong CTI stock. Renaissance Technologies LLC grew its holdings in Yunhong CTI Ltd. (NASDAQ:CTIB – Get Rating) by 19.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,566 shares of the industrial products company’s stock after buying an additional 27,500 shares during the period. Renaissance Technologies LLC owned 0.83% of Yunhong CTI worth $265,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.61% of the company’s stock.

About Yunhong CTI

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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.