NF Energy Saving (NFEC) Hits New 12-Month High at $13.71

NF Energy Saving Corp (NASDAQ:NFEC) shares reached a new 52-week high on Thursday . The company traded as high as $13.71 and last traded at $13.95, with a volume of 7535 shares trading hands. The stock had previously closed at $11.52.

Separately, TheStreet downgraded shares of NF Energy Saving from a “c” rating to a “d+” rating in a research report on Monday, September 10th.

NF Energy Saving (NASDAQ:NFEC) last released its earnings results on Wednesday, November 14th. The industrial products company reported ($0.04) earnings per share for the quarter. The business had revenue of $1.10 million during the quarter. NF Energy Saving had a negative net margin of 45.23% and a negative return on equity of 11.18%.

An institutional investor recently bought a new position in NF Energy Saving stock. Jane Street Group LLC purchased a new stake in NF Energy Saving Corp (NASDAQ:NFEC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 52,530 shares of the industrial products company’s stock, valued at approximately $141,000. Jane Street Group LLC owned about 0.69% of NF Energy Saving at the end of the most recent reporting period.

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NF Energy Saving Company Profile (NASDAQ:NFEC)

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.

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