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Red Avenue New Materials Group Co., Ltd is currently in a long term uptrend where the price is trading 30.9% above its 200 day moving average.
From a valuation standpoint, the stock is 146.6% more expensive than other stocks from the Basic Materials sector with a price to sales ratio of 9.9.
Red Avenue New Materials Group Co., Ltd's total revenue rose by 8.8% to $557M since the same quarter in the previous year.
Its net income has increased by 56.8% to $149M since the same quarter in the previous year.
Finally, its free cash flow fell by 60.8% to $45M since the same quarter in the previous year.
Based on the above factors, Red Avenue New Materials Group Co., Ltd gets an overall score of 3/5.
| Exchange | SHG |
|---|---|
| CurrencyCode | CNY |
| Sector | Basic Materials |
| Industry | Specialty Chemicals |
| ISIN | CNE1000036G1 |
| Beta | 0.33 |
|---|---|
| PE Ratio | 36.35 |
| Target Price | 32 |
| Market Cap | 19B |
| Dividend Yield | None |
Red Avenue New Materials Group Co., Ltd. manufactures and sells chemical materials in China and internationally. The company offers tackifying resins, phenol-formaldehyde reinforcing products, adhesive resins, leveling agents, vulcanized resins, tread resins, electronic phenolics, liquid phenolic resin, powder resins, and additives; and rubber and plastic processing aids, accelerators, microelectronic materials, degradable plastics, etc. It also distributes various chemical products. The company was founded in 1999 and is headquartered in Shanghai, China.
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