NF Energy Saving (NFEC) Hits New 1-Year High at $7.87

NF Energy Saving Corp (NASDAQ:NFEC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $7.87 and last traded at $7.20, with a volume of 1928 shares traded. The stock had previously closed at $6.69.

Separately, TheStreet raised NF Energy Saving from a “d+” rating to a “c-” rating in a report on Monday.

NF Energy Saving (NASDAQ:NFEC) last issued its quarterly earnings results on Tuesday, August 14th. The industrial products company reported ($0.22) earnings per share for the quarter. The company had revenue of $0.56 million during the quarter. NF Energy Saving had a negative net margin of 46.76% and a negative return on equity of 11.27%.

An institutional investor recently bought a new position in NF Energy Saving stock. Jane Street Group LLC purchased a new stake in NF Energy Saving Corp (NASDAQ:NFEC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,530 shares of the industrial products company’s stock, valued at approximately $141,000. Jane Street Group LLC owned 0.69% of NF Energy Saving at the end of the most recent quarter. Hedge funds and other institutional investors own 3.15% of the company’s stock.

NF Energy Saving Company Profile (NASDAQ:NFEC)

NF Energy Saving Corporation, through its subsidiaries, engages in the production and sale of energy-saving and intelligent flow control equipment in the People's Republic of China. The company manufactures large diameter energy efficient intelligent flow control systems for thermal and nuclear power generation plants, and national and regional water supply projects, as well as for municipal water, gas, and heat supply pipeline networks.

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