Why Yunhong Green CTI Ltd. (YHGJ) Soared Last Week?

We recently published a list of These 10 Stocks Posted Double-, Triple-Digit Gains Last Week. In this article, we are going to take a look at where Yunhong Green CTI Ltd. (NASDAQ:YHGJ) stands against other stocks that posted double-, triple-digit gains last week.

Micro- and small-cap companies dominated gains on the stock market last week, bucking an overall market pessimism, thanks to a flurry of company developments that bolstered investing appetite, including acquisition and stellar earnings performance.

In this article, we listed the names of last week’s top performers and detailed the reasons behind their gains based on their share prices last Friday, March 14, and their closing prices on March 7, or the Friday prior.

We classify micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $1 billion.

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Yunhong Green CTI Ltd. (NASDAQ:YHGJ)

Yunhong Green, formerly CTI Industries, rallied by 64 percent last week to close at $1 apiece as investors gobbled up shares in the company to boost its price above the $1 minimum requirement of the Nasdaq exchange to remain as a listed firm.

On October 21, YHGJ received a letter from Nasdaq notifying the company of its noncompliance with the minimum threshold. The letter was based on its share price, which fell below the $1 level for 30 consecutive days since September 10, 2024.

YHGJ said it was given 180 days upon receipt of the letter, or until April 21, 2025, to comply with the threshold; otherwise, it could face a potential delisting.

To meet the requirements, the closing bid price of Yunhong Green CTI’s common stock must reach $1.00 or more per share for at least 10 consecutive business days within this period.

Overall, YHGJ ranks 10th on our list of stocks that posted double-, triple-digit gains last week. While we acknowledge the potential of YHGJ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as YHGJ but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.