JinkoSolar Holding Co., Ltd. (NYSE:JKS) plunge to a 4Q loss as the Chinese solar product manufacturer announced lesser revenue and harshly lower margins among softer selling prices, although shipments beat firm guidance. The firm’s adjusted loss was much poorer than analysts had feared.
NYSE:JKS after opening at $5.30 hit high price of $5.75 and then closed at $5.54 by dropping -6.89% and on last session volume of 1.06 million shares was surprisingly higher than its average volume of 747.77K shares.
The stock price volatility was 8.04% for a week and 8.69% for a month as well as price volatility’s Average True Range for 14 days was 0.67.
The liquidity measure in recent quarter results of the company was recorded 0.95 as current ratio and on the other side the debt to equity ratio was 1.48 and long-term debt to equity ratio also remained 0.22.
Mueller Water Products, Inc. (NYSE:MWA) came to a contract to sell its US Pipe business to private equity from Wynnchurch Capital Ltd. for $89.8 million. The deal also includes a contract to repay Mueller for some liabilities anticipated at $10.2 million. The sale will permit Mueller to decrease its debt and focus on higher margin businesses and newer technologies.
NYSE:MWA stock in last session held volume of 6.24 million shares as compare to its average volume of 1.59 million shares. The stock after opening at $3.27 hit high price of $3.57 and then closed at $3.45 by scoring +21.05%.
As the revenue measures MWA generated revenue of 1.36 billion in the following twelve months income of -$37.90 million. The Company showed a negative -2.78% in the net profit margin and in addition to in its operating margin which remained 0.59%.
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