Huitao Technology Co., Ltd. (NASDAQ:HHT) stock identified change of -5.52% away from 52-week low price and recently located move of -87.69% off 52-week high price. It has market worth of $5.86M. HHT stock has been recorded -37.23% away from 50 day moving average and -75.09% away from 200 day moving average. Moving closer, we can see that shares have been trading -37.12% off 20-day moving average.
On March 31, 2020, Huitao Technology Co., Ltd. (NASDAQ CM:HHT) a company engaged in the businesses of producing advanced ready-mix concrete materials and providing education services, disclosed it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $1.5 million worth of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement.
Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 2.7 million ordinary shares. In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to approximately 2.7 million ordinary shares. The warrants will be exercisable after 6 months of the date of issuance and have an exercise price of $0.55. The warrants will expire 5.5 years from the date of issuance. The purchase price for one ordinary share and a corresponding warrant will be $0.55. The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $1.5 million before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering and concurrent private placement are expected to close on or about April 2, 2020, subject to the satisfaction of customary closing conditions. The Industrial Goods sector company, Huitao Technology Co., Ltd. noticed change of -45.20% to $0.55 along volume of 4240377 shares in recent session compared to an average volume of 136.85K. The stock observed return of -32.68% in 5 days trading activity. The stock was at -36.29% over one month performance. HHT’s shares are at -61.13% for the quarter and driving a -80.77% return over the course of the past year and is now at -62.17% since this point in 2018.
The average volatility for the week at 35.00% and for month was at 28.32%. There are 10.69M shares outstanding and 5.48M shares are floated in market. Right now the stock beta is 1.81.