NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $2.02 as of 2:45 p.m. ET, 21.2% above Tuesday's closing price of $1.67. Volume is at 1.2 million, 1.3 times the daily average of 861,500.
Sino Clean Energy has a market cap of $39.9 million and is part of the
industry. Shares are up 67% year to date as of the close of trading on Tuesday.
Sino Clean Energy Inc., through its subsidiaries, operates as a third party commercial producer and distributor of coal-water slurry fuel (CWSF) in the People's Republic of China. The company has a P/E ratio of 1.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Sino Clean Energy as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full
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