Use IRICO NEWENERGY to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of IRICO NEWENERGY to be traded at 0.6596 in 30 days
IRICO NEWENERGY Daily Price Distribution
The median price of IRICO NEWENERGY for the period between Mon, Jun 27, 2016 and Wed, Jul 27, 2016 is 0.54 with a coefficient of variation of 15.22. The daily time series for the period is distributed with a sample standard deviation of 0.09, arithmetic mean of 0.57, and mean deviation of 0.08. The Stock did not receive any noticable media coverage during the period.
IRICO NEWENERGY (0438) is traded on Hong Kong Stock Exchange in Hong Kong. It is located in Xianyang, and employs 1,726 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 1.54 B. IRICO NEWENERGY operates under Consumer Goods sector and is part of Electronic Equipment industry. This company has 630.88 M outstanding shares.
IRICO has accumulated about 50.61 M in cash with 16.23 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
IRICO Group New Energy Company Limited together with its subsidiaries engages in the manufacturing and trading of luminous materials liquid crystal related products solar photovoltaic glass products and other solutions in the Peoples Republic of China Hong Kong and internationally. more
IRICO NEWENERGY has some characteristics of a very speculative penny stock
IRICO NEWENERGY appears to be very risky and stock price may revert if volatility continues
The company has accumulated 252.78 M in total debt. IRICO NEWENERGY has Current Ratio of 0.47 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
This company reported revenue of 221.86 M. Net Loss for the year was (86.27 M) with profit before overhead, payroll, taxes, and interest of 29 M.
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Correlation analysis and pair trading evaluation for IRICO NEWENERGY and Techtronic Industries. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return