Revenue Update on China Advanced Constructn Mtrls Grp Inc(NASDAQ:CADC)

China Advanced Constructn Mtrls Grp Inc(NASDAQ:CADC) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-2.16.

China Advanced Constructn Mtrls Grp Inc (CADC) remained unchanged at the close of Wednesday session. Even as the volume increased to 41,867 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2.65. The trading session commenced at $2.55 and the stock hit a high of $2.85 and touched $2.5 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $5.68 and the 52-week low is $1.46. The company has a market cap of $6.3 M and has approximately 23,87,658 outstanding shares.

China Advanced Construction Materials Group Inc. formerly TJS Wood Flooring Inc. is a holding company. The Company’s primary business operations are conducted through its subsidiaries Xin Ao Construction Materials Inc. (BVI-ACM) and Beijing Ao Hang Construction Material Technology Co. Ltd. (China-ACMH) and its variable interest entities Beijing XinAo Concrete Group (Xin Ao) and Xin Ao’s subsidiaries. The Company is engaged in producing ready-mix concrete customized mechanical refining concrete and other concrete-related products that are primarily sold in the People’s Republic of China (PRC). The Company produces construction materials for infrastructure commercial and residential developments. The Company is primarily focused on engineering producing servicing delivering and pumping a range of ready-mix concrete materials for construction projects.

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