SmartHeat Stock Falls On Unusually High Volume (HEAT)

NEW YORK ( TheStreet) -- SmartHeat (Nasdaq: HEAT) is trading at unusually high volume Thursday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading down 16 cents (-2%) at $7.52 as of 10:30 a.m. ET.

SmartHeat has a market cap of $18.7 million and is part of the industrial goods sector and industrial industry. Shares are up 38.4% year to date as of the close of trading on Wednesday.

SmartHeat Inc. manufactures, sells, and services plate heat exchangers (PHE) in the People's Republic of China.

TheStreet Ratings rates SmartHeat as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full SmartHeat Ratings Report.

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