RINO Plays Hippo (RINO)

Posted in pre-market 
November 13th, 2009

RINO International Corp. (NASDAQ: RINO) is soaring after earnings.  RINO designs, manufactures, installs and services proprietary and patented waste water treatment, desulphurization equipment, and high temperature anti-oxidation systems for iron and steel manufacturers in China.  Its Q3 2009 net sales rose 41.0% to $63.3 million vs. Q3 2008; net income rose 73.3% to $17.1 million; EPS of $0.68 vs. $0.39.  The company’s backlog on September 30, 2009 was approximately $52.7 million.  At 8:10 AM EST we have already seen 60,000 shares trade hands and shares are up 19.5% at $28.05.  The range is unbelievable at $2.00 to $27.30 over the last 52-weeks.  That makes this new 52-week highs if the gains hold.

JON OGG

Comments are closed

-->