Sino Clean Energy Stock Soars (SCEI)

NEW YORK ( TheStreet) -- 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.

Sino Clean Energy has a market cap of $39.9 million and is part of the basic materials sector and chemicals industry. Shares are up 67% year to date as of the close of trading on Tuesday.

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 1.2, equal to the average chemicals industry P/E ratio 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 and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full Sino Clean Energy Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
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