Sino Clean Energy Stock Gaps Down On Today's Open (SCEI)
Shares of Sino Clean Energy (Nasdaq:SCEI) were gapping down Monday morning with an open price 16% lower than Friday's closing price. The stock closed at $2.69 yesterday and opened today's trading at $2.26.
NEW YORK ( TheStreet) -- Shares of Sino Clean Energy (Nasdaq: SCEI) were gapping down Monday morning with an open price 16% lower than Friday's closing price. The stock closed at $2.69 Friday and opened today's trading at $2.26. The average volume for Sino Clean Energy has been 300,400 shares per day over the past 30 days. Sino Clean Energy has a market cap of $32.7 million and is part of the basic materials sector and chemicals industry. Shares are up 169% year to date as of the close of trading on Friday. 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 1.4, above the average chemicals industry P/E ratio of 0.7 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Sino Clean Energy as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Sino Clean Energy Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
Shares of Sino Clean Energy (Nasdaq:SCEI) 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.