Cleantech Solutions International Stock Gaps Up On Today's Open (CLNT)
Shares of Cleantech Solutions International (Nasdaq:CLNT) were gapping up Monday morning with an open price 21.1% higher than Friday's closing price. The stock closed at $4.54 yesterday and opened today's trading at $5.50.
NEW YORK ( TheStreet) -- Shares of Cleantech Solutions International (Nasdaq: CLNT) were gapping up Monday morning with an open price 21.1% higher than Friday's closing price. The stock closed at $4.54 Friday and opened today's trading at $5.50. The average volume for Cleantech Solutions International has been 390,400 shares per day over the past 30 days. Cleantech Solutions International has a market cap of $11 million and is part of the industrial goods sector and industrial industry. Cleantech Solutions International, Inc. manufactures and sells metal components and assemblies primarily used in clean technology industries in China and internationally. 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 and largely solid financial position with reasonable debt levels by most measures. 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 disappointing return on equity. You can view the full Cleantech Solutions International Ratings Report. Get more investment ideas from our investment research center.
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.