China Ceramics Co. Ltd. (CCCL) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the industrial goods sector halfway through the trading day. At the lunch break, shares of CCCL have fallen 3.37% to $1.72 after closing the day prior at $1.78. So far, the stock has traded as high as $1.8 and as low as $1.66. Today’s decline has come with about 27,586 shares changing hands, compared to an average 30-day volume of 92,331 for China Ceramics Co. Ltd.. The price is currently below the 30-day volume weighted average price of $1.69 for CCCL.
The share depreciation gives the company a market capitalization of $5.0 million based upon 2.81 million shares outstanding. It also means that CCCL has a price-to-book ratio of 0.03:1.
In the past 52 weeks, shares of CCCL have traded as low as $1.66 and as high as $6.07. Technical traders will take note that at $1.72, shares of CCCL are trading below their 200-day MA at $2.55 and below their 50-day MA at $2.16. 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 below them is typically regarded as bearish.
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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