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1 Comment
Jiangsu Safety Wire Rope Co., Ltd is currently in a long term downtrend where the price is trading 11.2% below its 200 day moving average.
From a valuation standpoint, the stock is 22.8% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 3.1.
Jiangsu Safety Wire Rope Co., Ltd's total revenue rose by 11.0% to $219M since the same quarter in the previous year.
Its net income has increased by 314.7% to $14M since the same quarter in the previous year.
Finally, its free cash flow fell by 60.6% to $13M since the same quarter in the previous year.
Based on the above factors, Jiangsu Safety Wire Rope Co., Ltd gets an overall score of 3/5.
| Sector | Basic Materials |
|---|---|
| Industry | Steel |
| CurrencyCode | CNY |
| ISIN | CNE1000026K4 |
| Exchange | SHG |
| PE Ratio | None |
|---|---|
| Target Price | None |
| Beta | 0.13 |
| Market Cap | 2B |
| Dividend Yield | None |
Jiangsu Safety Group Co.,Ltd. engages in the research, development, production, and sales of wire ropes for elevators and cranes in China and internationally. The company offers elevator wire ropes, such as low-, mid-, and high-rise traction, as well as governor, compensating, and door closing ropes; and crane wire ropes, including rotation resistant, round strand, compacted strand, swaged wire, and cross laid ropes. The company was formerly known as Jiangsu Safety Wire Rope Co., Ltd. and changed its name to Jiangsu Safety Group Co.,Ltd. in August 2023. Jiangsu Safety Group Co.,Ltd. was founded in 1958 and is based in Wuxi, China.
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