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 11.8% higher than Tuesday's closing price. The stock closed at $3.22 yesterday and opened today's trading at $3.60.
NEW YORK ( TheStreet) -- Shares of China Gengsheng Minerals (AMEX: CHGS) were gapping up Wednesday morning with an open price 11.8% higher than Tuesday's closing price. The stock closed at $3.22 Tuesday and opened today's trading at $3.60. 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 $47.9 million and is part of the basic materials sector and metals & mining industry. Shares are down 37.5% 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. The company has a P/E ratio of 14.1, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 16.1. 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 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 weak operating cash flow. You can view the full China Gengsheng Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.