NF Energy Saving Corp (Nasdaq:NFEC)
June 7th, 2018
NF Energy Saving Corp went up $0.28 Friday, up 8.24%, closing at $3.68. In addition it hit a new 52 week high of $3.98. The stock continues to trade well at 384% of its 52 week low of $0.76. NF Energy Saving Corp swung 15.03% between high and low. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.65.
NFEC outperformed the rest of the Industrials sector which went up 0.21% today.
NF Energy Saving Corp Info
NF Energy Saving Corporation, through its subsidiaries, engages in the production and sale of energy-saving and intelligent flow control equipment in the People’s Republic of China. The company manufactures large diameter energy efficient intelligent flow control systems for thermal and nuclear power generation plants, and national and regional water supply projects, as well as for municipal water, gas, and heat supply pipeline networks. It also provides equipment related to desulfurization, denitration, and dust removal for electric power generation, metallurgy, petrochemical, steel, cement, and heating supply industries. In addition, the company offers energy saving technology consulting, optimization design services, energy saving reconstruction of pipeline networks, and contractual energy management services for electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure industries. Further, it provides industrial valve components that are used in water supply and sewage systems, coal and gas fields, power generation stations, and petroleum and chemical industries; and develops and produces hi-tech and automatic-intelligence valve products. NF Energy Saving Corporation also exports its products to the United States, Russia, Turkey, Italy, Bulgaria, South Korea, Vietnam, India, Thailand, South Africa, Iraq, and Afghanistan. The company was formerly known as NF Energy Saving Corporation of America and changed its name to NF Energy Saving Corporation in August 2009. NF Energy Saving Corporation is based in Shenyang, the People’s Republic of China.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that NF Energy Saving Corp’s score is 1.65) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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