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Hot Stock; NF Energy Saving Corp. (NFEC)

By Warren Paige

NF Energy Saving Corp. (NASDAQ: NFEC), a China-based company specializing in the energy technology business, has seen a sharp rise in its shares in trading today.

NFEC shares rose to an intra-day high of $1.51, and at last check, the stock was trading 18.93% higher at $1.32 on above average volume of 253,203. The stock gained 28.17% in the last three trading sessions.

NF Energy last month announced its first-quarter financial results. For the quarter ended March 31, 2012, NFEC reported total revenue of $1.2 million. The company’s gross profit for the quarter was $420,000. It posted net income of only $111 for the three-month period ended March 31, 2012.

Gang Li, Chairman and CEO of NFEC, said last month that the decline in the company’s revenue from prior period was mainly due to the decline of production impacted by the moving to the new manufacturing facility.

June 19th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.