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China Gengsheng Stock Soars Higher (CHGS)

By TheStreet Wire 03/22/11 - 10:17 AM EDT

Find out if (CHGS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of China Gengsheng Minerals (AMEX:CHGS) have taken a tremendous swing upward. The stock is trading at $2.38 as of 9:51 a.m. ET, 20.8% above Monday's closing price of $1.97. Volume is at 161,950, 0.1 times the daily average of 1.8 million.

China Gengsheng has a market cap of $47.6 million and is part of the basic materials sector and metals & mining industry. Shares are down 61.8% year to date as of the close of trading on Monday.

China GengSheng Minerals, Inc., through its subsidiaries, develops, manufactures, and sells a range of mineral-based heat-resistant products, including monolithic refractories, industrial ceramics, fracture proppants, and fine precision abrasives. The company has a P/E ratio of 14, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 15.8.

TheStreet Ratings rates China Gengsheng as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full China Gengsheng Ratings Report.

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