NF Energy Saving (NFEC) Hits New 52-Week High at $13.71

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

Separately, TheStreet upgraded shares of NF Energy Saving from a “d+” rating to a “c-” rating in a research note on Monday, October 29th.

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

An institutional investor recently bought a new position in NF Energy Saving stock. Jane Street Group LLC bought a new position in shares of NF Energy Saving Corp (NASDAQ:NFEC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 as of its most recent filing with the Securities and Exchange Commission.

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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.

Further Reading: Yield Curve

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