Cleantech Solutions International Stock Soars (CLNT)
Shares of Cleantech Solutions International (Nasdaq:CLNT) have taken a tremendous swing upward. The stock is trading at $6.10 as of 11:05 a.m. ET, 22% above Monday's closing price of $5. Volume is at 412,636, 4.1 times the daily average of 100,800.
NEW YORK ( TheStreet) -- Shares of Cleantech Solutions International (Nasdaq: CLNT) have taken a tremendous swing upward. The stock is trading at $6.10 as of 11:05 a.m. ET, 22% above Monday's closing price of $5. Volume is at 412,636, 4.1 times the daily average of 100,800. Cleantech Solutions International has a market cap of $5.9 million and is part of the industrial goods sector and industrial industry. Shares are up 56.3% year to date as of the close of trading on Monday. Cleantech Solutions International, Inc. manufactures and sells metal components and assemblies primarily used in clean technology industries in China and internationally. The company has a P/E ratio of 2.5, above the average industrial industry P/E ratio of 0.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cleantech Solutions International as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations 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 a generally disappointing performance in the stock itself. You can view the full Cleantech Solutions International Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
Cleantech Solutions (CLNT) soared Monday after the metal components manufacturer reported its fourth-quarter results. Revenue increased 29.4% year over year to $22.8 million from $17.6 million mostly due to sales of the company's dyeing and finishing equipment thanks to the demand for Cleantech's low-emission airflow dyeing machines. Net income increased to $2.1 million, or 60 cents per basic and diluted share, from $0.5 million, or 17 cents per basic and diluted share, in the same period one year earlier. Operating expenses decreased 10.7% year over year to $3.1 million from $3.5 million, while operating income increased to $2.8 million from $0.7 million. Operating margin was 12.2% compared to 4.1% in the same period one year earlier. Adjusted EBIDTA rose year over year to $7.3 million from $4.8 million.