Cleantech Solutions International Inc(NASDAQ:CLNT) metal components and assemblies, maker which are mainly used in the wind power, solar and other clean technology industries, reported that the Company has received new and follow-on purchase orders from its new and existing domestic customers for its airflow dyeing machines and related machineries.
Orders for purchase deliver for company to provide a total of 23 units of airflow dyeing machines and components for a total purchase price of almost $2.2 million.
Chairman and CEO of the company, Mr. Jianhua Wu said that company has seen continued growth in order flow in airflow dyeing technology.
Cleantech Solutions International Inc (NASDAQ:CLNT) traded with volume of 1.65 million shares in last session which was unexpectedly higher versus average trading capacity of 17,447.00 shares. The stock traded with opening bell at $2.85, gained the maximum price level of $3.77 and then finished the day at $2.98 by scoring +17.32%.
CLNT remained successful in generating revenue of $47.65 million in the trailing twelve months and made net income of $3.30 million. The Company maintained a positive 6.93% for the net profit margin and in its operating margin it scored 11.06%. Company’s yearly revenue change for the last five years was +25.02%.
The CLNT’s price to sales ratio is 0.17 and price to cash ratio is 6.07 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as 3.98%.
The stock showed upbeat performance of +1.02% for the week which was maintained for the month at +43.27%. Likewise the negative performance for the trailing 3 months was recorded as -0.67% and in last year was -53.44% while the performance so far in current year remains at -6.88%.
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