Daily Stock Reporter is issuing a report on four stocks to watch. DryShips Inc. (NASDAQ:DRYS), Kandi Technologies Group Inc (NASDAQ:KNDI), Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN), and India Globalization Capital, Inc. (NYSEMKT:IGC) have been added to our watchlist today. Continue reading to find out why. – To get daily alerts on top stocks on the OTCQB, OTCQX, Nasdaq, NYSE, and OTCBB, subscribe to our newsletter at DailyStockReporter.com.
DryShips Inc. (NASDAQ:DRYS) reported fourth quarter revenue results last week. For the fourth quarter of 2015, the Company reported a net loss of $527.6 million, or $0.79 basic and diluted loss per share. On March 3, 2016, the Company received notice of termination from Petroleo Brasileiro S.A. of the contract for the oil spill recovery vessel Vega Juniz effective as of March 9, 2016. The contract of the Vega Juniz was expiring on April 25, 2017 and this termination represents a loss in contracted EBITDA of approximately $2.8 million for the balance of 2016. Despite these results, shares of DRYS have rallied on Monday (3/14) from an opening price of $2.12 to highs of $2.775 before noon. This move represented an increase by more than 30% and volume is nearly that of Friday’s (3/11) volume. Difference being that price movement is much more positive than negative.
Stay Informed and Up To Date On The Hottest Small Cap Nasdaq & OTC Plays. Get Them Here.
Kandi Technologies Group Inc (NASDAQ:KNDI) announced its financial results for the fourth quarter and year ended December 31, 2015, this morning. Results include total revenues growing 11.2% to $58.8 million for the fourth quarter of 2015, from $52.9 million for the same period of 2014. Electric Vehicle parts sales increased also increased. This jump was equal to 51.6% and $57.5 million for the fourth quarter of 2015, compared with $37.9 million in the same period of 2014. Shares of KNDI moved up 15% from its Friday (3/11) close of $7.75 to highs on Monday of $8.95. Volume has more than doubled from last week’s activity. Kandi has established itself as one of China’s leading manufacturers of pure electric vehicle products (through its joint venture), EV parts and off-road vehicles.
Enjoy picks like this? Get These Alerts and More on top small cap Companies before They Rally, Text the phrase “StockAlerts” to 635-66
Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) also recently reported earnings this month. The company recorded a total fourth quarter revenue increase of 13.9% to US$413.6 million from $362.9 million in the fourth quarter of 2014 and increased 33.9% from US$309.0 million in the third quarter of 2015. Furthermore, contract sales increased 42.6% to US$574.2 million from US$402.6 million in the fourth quarter of 2014 and increased 85.4% from US$309.7 million in the third quarter of 2015. Since last week the stock has climbed from a close of $4 to high on Monday (3/14) of $4.22 with volume climbing at an even higher rate as compared to Friday.
Stay Informed and Up To Date On The Hottest Small Cap Stocks; Free To Join Now
Small Cap Stock Alerts: Get Them straight to your Cell Phone. To Receive Our Winning Small Cap Stock Alerts For Free, text “StockAlerts” to 63566.
www.DailyStockReporter.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals www.DailyStockReporter.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. You can subscribe to the www.DailyStockReporter.com newsletter and start receiving daily alerts. To subscribe by phone and receive messages directly to a mobile phone, text the phrase “StockAlerts” to 63566.
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
EGM FIRM INC which owns www.DailyStockReporter.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.
EGM FIRM INC, which owns www.DailyStockReporter.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice.
EGM FIRM INC which owns www.DailyStockReporter.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.
Contact Email: email@example.com