September 22, 2020

The Post Wired

News On Trending

Investors Alert: Kingold Jewelry (NASDAQ:KGJI)

Spread the love

Kingold Jewelry (NASDAQ:KGJI) spotted trading -41.72% off 52-week high price. On the other end, the stock has been noted 16.50% away from the low price over the last 52-weeks. The stock changed -1.74% to recent value of $0.85. The stock transacted 79170 shares during most recent day however it has an average volume of 53.57K shares. The company has 64.94M of outstanding shares and 45.38M shares were floated in the market.

Kingold Jewelry (NASDAQ:KGJI) released its financial results for the fourth quarter and year ended December 31, 2018.

2018 Financial and Operating Highlights (all results are compared to prior year)

Net sales were approximately $2.48 billion, increased by 41% from approximately $2.01 billion.

Processed a total of 114.2 metric tons [one metric ton = 35,274 ounces] of 24-karat gold products in 2018, an increase of 10.4% compared to 103.4 metric tons. This result exceeded the Company’s previously announced estimate of between 100 metric tons and 110 metric tons.

Gross profit increased by 32% to $264.3 million from $199.9 million.

Gross margin was 10.7% compared to 9.9%.

Net income was $49.5 million, or $0.75 per diluted share, increased by 89% from $26.2 million, or $0.39 per diluted share.

Book value per diluted share was $9.64 at December 31, 2018, compared to $5.91 at December 31, 2017.

2018 Fourth Quarter Financial Highlights (all results compared to prior year period)

Net sales were $631.2 million, compared to $657.1 million.

Processed a total of 33.7 metric tons of 24-karat gold products, compared to 31.2 metric tons.

Net income was $9.5 million, or $0.14 per diluted share, compared to $10.5 million, or $0.15 per diluted share.

Outlook for 2019

The Company expects to process between 110 metric tons and 120 metric tons of 24-karat gold products in 2019.

Its earnings per share (EPS) expected to touch remained -71.90% for this year. KGJI has a gross margin of 9.80% and an operating margin of 9.40% while its profit margin remained 2.00% for the last 12 months.

According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.41% from the mean of 20 days, 5.00% from mean of 50 days SMA and performed -14.35% from mean of 200 days price. Company’s performance for the week was 0.60%, -5.06% for month and YTD performance remained 6.96%.

Single Column Posts

3 min read

Jeff Horn and Tim Tszyu will be aired live in the United States, as ESPN+ have picked up the fight, which will stream at 5...

5 min read

Indy 500 live: In a normal season is that the finale of what is commonly known as the Month of May in IndyCar racing. The...

4 min read

PSG vs RB Leipzig Live :Are two clubs which have made many enemies among football fans, but maybe not to the way they playwith. On...

4 min read

RB Leipzig v Paris Saint-Germain live stream: How to watch Champions League clash for free – kick-off time, TV Channel and radio coverage.Semifinals start Tuesday...

4 min read

Nets vs Raptors live :After two weeks of seeding games, the action inside the bubble at Disney World will continue with the 2020 NBA Playoffs....

3 min read

Raptors vs Nets Live : After Fourteen Days of seeding Matches, the action in the bubble at Disney World will last using the 2020 NBA...

4 min read

The Utah Jazz do Not have a Solid track record Contrary to the Denver Nuggets this season. Denver won all three matchups this season, all...

5 min read

Barcelona player talks about tonight's Champions League quarter-final against his former club Bayern Munich. The midfielder is well-known for his self-sacrificing style of drama and...

5 min read

Present Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well-known for his self-sacrificing style of...

6 min read

Current Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well known for his self-sacrificing manner...