Home / Industrial Goods / Industrial Goods Sector Bolstered by 3.38% Midday Gain for China Ceramics Co. Ltd. (CCCL) on September 22

Industrial Goods Sector Bolstered by 3.38% Midday Gain for China Ceramics Co. Ltd. (CCCL) on September 22

China Ceramics Co. Ltd. (CCCL) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 22. At the lunch break, shares of CCCL have jumped 3.38% to $2.75 after closing the day prior at $2.66. In the first two and a half hours of trading, the stock has gone as high as $2.75 and as low as $2.72. Today’s rise has come with about 4,580 shares changing hands, compared to an average 30-day volume of 52,205 for China Ceramics Co. Ltd.. The price is currently below the 30-day volume weighted average price of $2.74 for CCCL.

The share appreciation gives the company a market capitalization of $7.27 million based upon 2.73 million shares outstanding. It also means that CCCL has a price-to-book ratio of 0.04:1.

In the past 52 weeks, shares of CCCL have traded as low as $2.01 and as high as $10.08. Technical traders will take note that at $2.75, shares of CCCL are trading below their 200-day MA at $3.94 and below their 50-day MA at $3.21. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is CCCL?

China Ceramics Co Ltd manufactures & sells ceramic tiles used for exterior siding & for interior flooring & design in buildings. Its product categories are: porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles & polished glazed tiles. The company’s 1417 employees are led by CEO Jia Dong Huang from the corporate headquarters at Junbing Industrial Zone in Jinjiang City, Fujian Province.


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