Kingold Jewelry Inc., (NASDAQ:KGJI)
About Kingold Jewelry Inc., (NASDAQ:KGJI) Kingold Jewelry, Inc., formerly Activeworlds Corp. is engaged in the business of designing, manufacturing and sale of gold jewelry in the People’s Republic of China (PRC) through a variable interest entity relationship with Wuhan Kingold Jewelry Company Limited. In December 2009, the Company acquired Wuhan Kingold Jewelry Co., Ltd.
Statistics Symbol
KGJI
EPS:
0.38
Current Price
$3.14
Market Capitalization:
$133.17M
52 week range
$1.32 – 11.95
Beta
0.69
Avg Volume
270,222.00
P/E
8.22
Financials Kingold Jewelry Inc., (NASDAQ:KGJI) generated current quarterly total revenue of $169.71 million that are noticeable greater than last quarter’s closing of $107.84 million. Moreover, operating and net income have also increased that led to decreasein EPSof current quarter. The company’s cash flow from operations has increased noticeably up to $0.04 million from last quarter’s ending cash flow of negative $2.80 million. That is a good sign because company would not face any problem to repay debts. Total assets of company mount up to $79.52 million as of September 30, 2010 that is 8.56%greater than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable opportunities.
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