China Gengsheng Stock Soars (CHGS)
NEW YORK (TheStreet) -- Shares of China Gengsheng Minerals (AMEX:CHGS) have taken a tremendous swing upward. The stock is trading at $1.84 as of 1:57 p.m. ET, 20.1% above Tuesday's closing price of $1.53. Volume is at 254,705, 0.4 times the daily average of 590,000. China Gengsheng has a market cap of $41.3 million and is part of the basic materials sector and metals & mining industry. Shares are down 70.3% year to date as of the close of trading on Tuesday. 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. TheStreet Ratings rates China Gengsheng as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations 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 poor profit margins. You can view the full China Gengsheng Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
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