May 29, 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

2 min read

Spain's La Liga will continue on 11 June with next season beginning on 12 September, says the alliance's leader Javier Tebas. On Monday, Tebas said...

3 min read

The 125th gathering between Borussia Dortmund and Bayern Munich will without a doubt be the most foreseen match of this crowdless Bundesliga period. No less...

3 min read

Borussia Dortmund host Bayern Munich this evening in one of the biggest matches of the Bundesliga season. Bayern currently enjoy a four point lead at...

3 min read

Borussia Dortmund vs. Bayern Munich Match Info Der Klassiker is set for Tuesday at Signal Iduna Park as runner up Borussia Dortmund invites in front...

5 min read

We will give us one of the most exceptionally foreseen matches, in the Bundesliga as well as in Europe, as Borussia Dortmund lock horns with...

3 min read

How to watch Tiger vs Phil live on Kodi, Android, iOS, Fire TV Stick and other devices from US, UK, Canada and rest of the...

6 min read

On the off chance that you love golf, at that point missing the 2020 Tiger Woods versus Phil Mickelson is simply impossible. There is such...

3 min read

Tiger Woods vs Phil Mickelson II : Start time, TV channel with Tom Brady and Peyton Manning Aspect Old rivals Tiger Woods and Phil Mickelson...

3 min read

There isn't obviously superior to a Sunday evening of watching golf and sleeping, however for fans who have been denied of live games for a...

4 min read

Champions for Charity 2020 Live:: The decades-long contentions between Tom Brady and Peyton Manning proceed with the assistance of another, the one between Tiger Woods...