China Ceramics Co Ltd (NASDAQ:CCCL)
China Ceramics Co Ltd (NASDAQ:CCCL) stock is up over 50% on a volume figure that is almost 600 times the published daily average volume. China Ceramics Co Ltd (NASDAQ:CCCL) has a market capitalization of less than $10 million and 49% of their shares are held by insiders. Last year they recorded $119 million in sales.
China Ceramics Co Ltd (NASDAQ:CCCL) is based in Jinjiang, China. Through its subsidiaries, the company manufactures and sells ceramic tiles for exterior siding and interior flooring, and design in residential and commercial buildings. Its products are sold in the People’s Republic of China. The company sells its products under the Hengda, Hengdeli, Pottery Capital of Tang Dynasty, TOERTO, and WULIQIAO brands through a network of distributors, as well as directly to property developers.
Review of China Ceramics Business and Stock
Due to the small capitalization of China Ceramics Co Ltd (NASDAQ:CCCL), analysts are not covering CCCL shares and therefore there is a lack of earnings predictions. However, published accounts quote the company’s “book value per share” at $41.41. But what may be more noteworthy is that the same publications quote China Ceramics’ “cash per share” value at $0.00.
In 2012, China Ceramics Co Ltd (NASDAQ:CCCL) report an EPS of $14.38. However, the next four years resulted in annual per share losses of (-$0.12), (-$1.79), (-$21.38), and, in 2016 (-$17.55). Sales have, in general, trended downwards. In 2012, sales were reported at $217.7 million. However, by 2016 that sales figure was $119.6 million.
Today’s price action has sent the shares to a new 52-week high. CCCL stock opened today at $1.64 which was below yesterday’s close of $1.76. The shares rocketed up to reach a high of $$3.60 before sellers stepped in and sent the shares back down to current trading levels hovering around $2.65 at 11:11AM EST.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.