Yulong Eco-Materials Ltd (Nasdaq:YECO)
August 11th, 2018
Amidst falling markets Yulong Eco-Materials Ltd finished Monday’s trading session down 9.03%, a $0.14 decrease to close on $1.41. While the stock did drop today, remember that it is still trading at 3,425% of its 52 week low of $0.04. Yulong Eco-Materials Ltd bounced 16.31% between high and low. In addition to the stock finishing lower, the trading volumes were only 18% of normal which could be an indication of investor uncertainty. Be aware that the Piotroski Score1 is calculated to be 1, which is very low as the scale goes from 0-9. This is considered to be a weak score in terms of financial strength.
YECO was outperformed by the rest of the Materials sector which went down just 1.43%.
Yulong Eco-Materials Ltd Info
Yulong Eco-Materials Limited manufactures and sells eco-friendly building products in the People’s Republic of China. The company offers fly-ash and recycled bricks, ready-mixed concrete products, and recycled aggregates. It also provides construction waste hauling services. It offers its products to the developers of commercial, residential, and infrastructural projects, as well as state-owned and private enterprises; and hauling services to government agencies and private real estate developers. The company was incorporated in 2011 and is headquartered in Pingdingshan, the People’s Republic of China.
All amounts in USD unless otherwise indicated
(1) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Yulong Eco-Materials Ltd’s score is ), and 9 is the best.
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