Shares of Chinese plastic recycler Guanwei Recycling (GPRC -25%) crater after posting...

|About: Guanwei Recycling Corp. (GPRC)|By:, SA News Editor

Shares of Chinese plastic recycler Guanwei Recycling (GPRC -25%) crater after posting mid-session earnings that disappointed analysts. The company reported Q1 EPS of $0.10 on sales of $16.2M. Management also says that material weakness reported in 2011 was "unremediated" and that its controls and procedures are still not effective. (Form 10-Q)