Sino Clean Energy Inc ( NASDAQ: SCEI ) reported quarterly revenue
jumped 38 percent helped by higher production and a wider customer base, sending its shares up 15 percent before the bell and traded as high as $2.89 in pre-market trade on Tuesday.
Company maintaining full year outlook at $1.43-$1.57 per share and stock is trading at P/E multiple of less than 1, which provides an excellent investment opportunity if we compare valuations. It might be a good investment bet. Traders might initiate buy position and might carry as investment positions if they don't have an opportunity to gain intraday.
jumped 38 percent helped by higher production and a wider customer base, sending its shares up 15 percent before the bell and traded as high as $2.89 in pre-market trade on Tuesday.
Company maintaining full year outlook at $1.43-$1.57 per share and stock is trading at P/E multiple of less than 1, which provides an excellent investment opportunity if we compare valuations. It might be a good investment bet. Traders might initiate buy position and might carry as investment positions if they don't have an opportunity to gain intraday.
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| Sino Clean Energy Inc |
The China-based company also backed its full-year earnings outlook of $1.43-$1.57 per share, on revenue of $170 million.
Its annual production capacity rose 35 percent to 1.1 million metric tons and had 47 customers under supply agreements, compared with 30 last year.
January-March revenue rose to $33.8 million.
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