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TheStreet Wire

China Valves Technology Stock Hits New 52-Week Low (CVVT)

By TheStreet Wire 03/22/11 - 11:41 AM EDT

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NEW YORK (TheStreet) -- China Valves Technology (Nasdaq:CVVT) hit a new 52-week low Tuesday as it traded at $4.39 compared with its previous 52-Week low of $4.71. China Valves Technology is changing hands at $4.40 with 692,288 shares traded as of 11:16 a.m. ET. Average volume has been 696,200 shares over the past 30 days.

China Valves Technology has a market cap of $182.2 million and is part of the industrial goods sector and industrial industry. Shares are down 53% year to date as of the close of trading on Monday.

China Valves Technology, Inc., through its subsidiaries, engages in developing, manufacturing, and selling low, medium, and high-pressure metal valves for customers in the electricity, petroleum, chemical, water, gas, nuclear power station, and metal industries in China. The company has a P/E ratio of 4.2, above the average industrial industry P/E ratio of 3.4 and below the S&P 500 P/E ratio of 15.8.

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

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