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Zhejiang Canaan Technology Co., Ltd is currently in a long term downtrend where the price is trading 1.9% below its 200 day moving average.
From a valuation standpoint, the stock is 54.6% cheaper than other stocks from the Industrials sector with a price to sales ratio of 2.3.
Zhejiang Canaan Technology Co., Ltd's total revenue sank by 22.2% to $268M since the same quarter in the previous year.
Its net income has increased by 32.5% to $24M since the same quarter in the previous year.
Finally, its free cash flow fell by 124.3% to $-7M since the same quarter in the previous year.
Based on the above factors, Zhejiang Canaan Technology Co., Ltd gets an overall score of 2/5.
| Exchange | SHE |
|---|---|
| CurrencyCode | CNY |
| ISIN | CNE100001Y75 |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| Target Price | None |
|---|---|
| PE Ratio | 97.17 |
| Dividend Yield | 1.0% |
| Beta | 0.71 |
| Market Cap | 3B |
Zhejiang Canaan Technology Limited engages in the research and development, production, and sale of pharmaceutical equipment in China and internationally. The company offers preprocessing module, hybrid module, packaging, attachment, granulation, material transport, cleaning, continuous manufacturing, container, freeze drying system, and fluid module products. It also provides EPCMV turnkey, solid dosage, API system, pharmaceutical water, smart packaging, intelligent warehousing and automated logistics, pharmaceutical research and development integrated services, and pharmaceutical digital solutions. It primarily serves pharmaceutical industry. The company was founded in 2000 and is based in Wenzhou, China.
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