NEW YORK (TheStreet) -- Andatee China Marine Fuel Services (AMCF - Get Report) hit a 52-week high Friday after the company reported increases in revenue and net income in its second-quarter earnings report.
The company reported a 3767.4% year-over-year increase in net income to $2.9 million, up from a net loss of $79,414. Diluted earnings per share rose to 28 cents from a loss of a penny a share in the second quarter of 2013. Revenue surged 131.67% to $175.5 million from $75.8 million in the year-ago period.
The stock was up 58.63% to $2.78 at 11:24 a.m. More than 1.47 million shares changed hands, which eclipsed the average volume of 38,664.
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