The stock of China Ceramics Co Ltd (NASDAQ:CCCL) is a huge mover today! About 111,652 shares traded hands or 24.02% up from the average. China Ceramics Co Ltd (NASDAQ:CCCL) has declined 11.90% since March 7, 2016 and is downtrending. It has underperformed by 19.50% the S&P500.
The move comes after 8 months negative chart setup for the $8.59M company. It was reported on Oct, 10 by Barchart.com. We have $2.71 PT which if reached, will make NASDAQ:CCCL worth $1.03 million less.
According to Zacks Investment Research, “China Ceramics Co., Ltd., formerly China Holdings Acquisition Corp., is a manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings. China Ceramics produces different types of ceramics tiles, sold under the HD or Hengda brand. The Company’s products are available in over two thousand styles, colors and sizes combinations and are distributed through a network of exclusive distributors or directly to large property developers.”
More notable recent China Ceramics Co Ltd (NASDAQ:CCCL) news were published by: Streetinsider.com which released: “China Ceramics Co., Ltd. (CCCL) to Conduct One-for-Eight Reverse Stock Split” on June 27, 2016, also Rttnews.com with their article: “China Ceramics Company Ltd. Q2 Profit Advances 22%” published on September 28, 2016, Twst.com published: “China Ceramics Co. Ltd.: China Ceramics Announces Second Quarter 2016 …” on September 28, 2016. More interesting news about China Ceramics Co Ltd (NASDAQ:CCCL) were released by: Streetinsider.com and their article: “China Ceramics Co., Ltd. (CCCL) Announces $900k Common Stock Offering” published on February 04, 2016 as well as Twst.com‘s news article titled: “China Ceramics Co. Ltd.: China Ceramics Schedules Second Quarter 2016 Earnings …” with publication date: September 22, 2016.
CCCL Company Profile
China Ceramics Co., Ltd., incorporated on September 20, 2009, is a maker of ceramic tiles used for exterior siding and for interior flooring, and design in residential and commercial buildings. The Company’s ceramic tiles, sold under the HD or Hengda, HDL or Hengdeli, Pottery Capital of Tang Dynasty, TOERTO and WULIQIAO brands, are available in over 2,000 styles, colors and size combinations. The Firm operates in the segment of manufacturing and sale of medium to high-end ceramic tiles. The Company’s geographical segment is People’s Republic of China (PRC). The Firm has five principal product categories: porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles and polished glazed tiles. The Company’s ceramic tiles are used for flooring, interior walls for decorative purposes and on exterior siding. The Company’s manufacturing facilities operated by Jinjiang Hengda Ceramics Co., Ltd. are located in Jinjiang, Fujian Province, and its manufacturing facilities operated by Jiangxi Hengdali Ceramic Materials Co., Ltd. are located in Gaoan, Jiangxi Province. Combined, these facilities provide an aggregate annual production capacity of approximately 70 million square meters.
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