China Ritar Power: So Depressed It Makes Me Cry

China Ritar Power Corp., through its subsidiaries, designs, develops, manufactures, and sells lead-acid batteries under the Ritar brand in China and internationally.

Its nice too actually see some forward growth estimates after a long period of companies' futures at the brink of failure; it was difficult to find any positives or value in small cap companies other than through technical analysis which is my expertise at ttt.net.

China Ritar Power (CRTP.OB) is another battery company making moves in the smallcap arena alongside others which have been performing very well recently: A123 Systems (AONE), China BAK Batteries (CBAK), China Sun Group High Tech (CSGH.OB), Axion Power International (AXPW), and C&D Technologies (CHP) to name a few. CRTP is the most attractive one of the group to me from a fundamental and a technical perspective.

Lets take a gander at some numbers on CRTP:

EPS:
Current year estimates: .48
Next Year estimates 2010 : .68
+33% Earnings growth

Revenue:
Current Year estimates: 123.6m
Next Year estimates: 170.49
+38.2% Revenue growth

Current Ratio: 2 – over the industries avg 1.9 – Currently healthy company

Forward P/E: 9.54x
Industry average P/E: 16.83x

Fous Fair Value: 11.44
Todays Share Price: 6.50
Upside Potential: +76%

Technical Analysis:

I bought a 1/2 position for the Black Service portfolio in at 6.40. I will take any dips to the 13-day ema as a buying opportunity as my short term profit target is near $8/share.

Comments

[mysher:]

Well presented, nice find.

Regards,
My Sher

Oct 21 07:30 AM

[Cameron Fous:]

buying opportunity this morning price opened down near the 13ema... strong rally back up as expected

Oct 21 09:53 AM

[Cameron Fous:]

CRTP dipped back down to the 13ema today. Bought more per plan @ 6.03 now back up to 6.32

Oct 22 02:38 PM

[battman:]

With the price drop, what would you do now? What's the buy in point?

Oct 27 08:56 AM

[Freya:]

Very, very nice, huge volume preceded the price move. Corrected etc. Thank you very much. on my way to a charting service.

Oct 29 12:36 PM

[Cameron Fous:]

Picked up more shares of CRTP today @ 5.13 solid rebound here after bounce near at prior lows of 4.50 or so .. Look for this to head back near 6 soon

Nov 05 02:57 PM

[StockMaster...:]

Don't cry, buy CBAK under $3. This has been taken to the woodshed over a $20m offering

Nov 13 10:51 AM