The basic materials sector closed the day up 0.2%. Sino Clean Energy Inc (SCEI), Sutor Technology Group (SUTR), BioFuel Energy Corporation (BIOF), and Ossen Innovation (OSN) were all decliners today within the basic materials sector with China Gengsheng Minerals (CHGS) being today's featured basic materials loser. China Gengsheng Minerals fell 6 cents (-5.7%) to $1 on light volume. Throughout the day, 119,564 shares of China Gengsheng Minerals exchanged hands as compared to its average daily volume of 163,300 shares. 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. China Gengsheng Minerals has a market cap of $28.1 million and is part of the metals & mining industry. The company has a P/E ratio of four, below the S&P 500 P/E ratio of 17.7. Shares are down 79.4% year to date as of the close of trading on Wednesday. TheStreet Ratings rates China Gengsheng as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
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