There has been no news about China HGS Real Estate Inc (NASDAQ: HGSH) this morning so far but the stock has been on a tear during premarket trading so far.
The China HGS stock has soared by 65% so far as investors seem to be quite excited about the stock. However, with no news about the company, it might be a good idea for investors to look at the first-quarter financial results that the company announced last month.
China HGS announced that it managed to generate a net income of as much as $292000 for the first quarter. It is a significant development for the company since, in the prior-year period, it had actually suffered a loss. The net income for the period worked out to a net income of 1 cent a share for the period. The revenues for the period came in at $2.8 million. It remains to be seen if the stock can continue to add to its gains through the day.
Finance and Entertainment Reporter
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