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  • Nortech Systems (NSYS), China Recycling Energy (CREG), Shares Surged On Financial Results 0 comments
    Nov 14, 2013 3:49 PM | about stocks: NSYS, CREG

    http://static.cdn-seekingalpha.com/uploads/2013/11/14/saupload_nsys1.jpg Nortech Systems Inc. (NASDAQ:NSYS)

    The price of NSYS stock surged after the company reported positive financial results, aided by the increased revenue in the quarter and a number of corporate initiatives focused on business development activities and lowering the overall cost of operations.

    For the third quarter 2013, NSYS posted net sales of $27.4 million, a 7% increase year over year, operating income of $376,000, a 14% increase compared to the same period the prior year, and net income of $218,000, or $0.08 per diluted common share, compared to $105,000, or $0.04 per diluted common share, in the third quarter 2012.

    http://static.cdn-seekingalpha.com/uploads/2013/11/14/saupload_nsys_chart.png

    NSYS is a full-service electronics manufacturing services (NYSE:EMS) provider of wire and cable assemblies, printed circuit board assemblies and higher-level complete box build assemblies for a wide range of industries.

    More about Nortech Systems Inc. (NSYS) at www.nortechsys.com

    **

    http://static.cdn-seekingalpha.com/uploads/2013/11/14/saupload_creg.jpg China Recycling Energy Corp. (NASDAQ:CREG)

    Shares of CREG soared on Thursday's trading session, after the leading industrial waste-to-energy solution provider in China reported a large increase in the total sales and net income on its financial results, compared with last year.

    For the third quarter 2013, CREG posted total sales of $21.74 million, an increase of $21.26 million compared to $0.48 million, in the same period the prior year, and net income of $4.39 million compared to net loss of $1.41 million in the third quarter 2012.

    http://static.cdn-seekingalpha.com/uploads/2013/11/14/saupload_creg_chart.png

    CREG provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China.

    More about China Recycling Energy Corp. (CREG) at www.creg-cn.com.

    **

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