Hongli Group, Inc. (HLP) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hongli Group Inc. has reported a net loss of $1.9 million for the first half of 2024, a stark contrast to the $796,354 net income from the same period the previous year. The company’s total assets marginally increased to $32.7 million from $32.1 million, while total liabilities rose to $12 million from $11 million. This financial downturn is reflected in a comprehensive loss of $2.4 million and a negative earnings per share of $0.15.
For further insights into HLP stock, check out TipRanks’ Stock Analysis page.