China Gengsheng Stock Gaps Up On Today's Open (CHGS)
Shares of China Gengsheng Minerals (AMEX:CHGS) were gapping up Wednesday morning with an open price 10.2% higher than Tuesday closing price. The stock closed at $3.04 yesterday and opened today's trading at $3.35.
NEW YORK ( TheStreet) -- Shares of China Gengsheng Minerals (AMEX: CHGS) were gapping up Wednesday morning with an open price 10.2% higher than Tuesday's closing price. The stock closed at $3.04 Tuesday and opened today's trading at $3.35. The average volume for China Gengsheng has been 1.9 million shares per day over the past 30 days. China Gengsheng has a market cap of $73.6 million and is part of the basic materials sector and metals & mining industry. 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. The company has a P/E ratio of 21.6, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates China Gengsheng as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full China Gengsheng Ratings Report. Get more investment ideas from our investment research center.