Ever-Glory International Group Inc. (EVK) shares are trading at higher $2.60.
To add more color to this target, the company’s high over the last year is $3.30 and the low is $0.61. Over the last 52 weeks, EVK is down -19.00% while the S&P 500 is up 14.92%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, EVK reported a profit of $14.45 million. Ever-Glory International Group Inc. also saw revenues increase to $50.09 million. In addition, EVK has free cash flow of $16.02 million as of 06-2020. The company’s EBITDA came in at -$2.14 million which compares well with its peers.
EVK booked profit margins of -2.00%, its Return on Equity (ROE) is -5.60%, and its Return on Assets is -2.40%. All told, it is clear that, EVK needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EVK has a short ratio of 0.67 and outstanding shares of 14.81M.
EVK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.14 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.44. Ever-Glory International Group Inc. EVK also noted assets of $252.29 million at the end of the last quarter. Investors should also keep an eye on sector updates as EVK has historically followed its peers on positive news.
All told, Ever-Glory International Group Inc. EVK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EVK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Ever-Glory International Group Inc. EVK is now commanding a market cap of 39.88M and a float of 3.99M. EVK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EVK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in EVK, either long or short, and we have not been compensated for this article.