Delta Technologies Holdings Limited – Nasdaq: DELT
China-based Delta Technology Holdings shares doubled in trading yesterday. The shares, traded on the Nasdaq under ticker DELT, benefitted from news that its Q4 sales doubled from the previous year’s Q4 figures. DELT closed Wednesday at $0.86 and rocketed to $2.28 before ending the day at $1.70 on exceptionally heavy volumes. Traders should take note that the financial reports peg the USD/RMB exchange rate at 1:6.85.
Delta went public on the Nasdaq in 2014. Delta Technology Holdings Limited manufactures and sells fine and specialty chemicals in the People’s Republic of China utilizing green technologies. Delta Technologies provides specialty chemical products to more than 380 clients around the world. The company provides its products for automotive, pharmaceutical, agrochemical, dye and pigments, aerospace, ceramics, coating-printing, clean energy, and food additive applications.
DELT EPS have been inconsistent since 2013 (-$2.21) with positive EPS in 2014 ($0.17) and 2015 ($0.22) but negative reported EPS in 2016 (-$0.73). DELT reported sales peaked in 2015 with $202 million in reported sales but fell to $53.4 million in 2016. Delta Technology Holdings is not followed by any firms.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 4:00 PM EST||$ 1.70|
|Market Cap||14.5 million|
|Shares Outstanding||8.55 million|
|Share Float||3 million|
|Short Interest Ratio||0.01|