Hanwei Energy Services (TSE:HE) Reaches New 1-Year Low at $0.01

Hanwei Energy Services Corp (TSE:HE) reached a new 52-week low on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 1100 shares trading hands. The stock had previously closed at C$0.02.

The firm’s fifty day simple moving average is C$0.02. The stock has a market capitalization of $3.88 million and a PE ratio of -0.11. The company has a quick ratio of 0.18, a current ratio of 0.26 and a debt-to-equity ratio of 45.68.

Hanwei Energy Services (TSE:HE) last released its quarterly earnings results on Wednesday, June 19th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$1.54 million during the quarter.

About Hanwei Energy Services (TSE:HE)

Hanwei Energy Services Corp., together with its subsidiaries, manufactures and sells high pressure fiberglass reinforced plastic pipes for the oil and gas, water transmission, and salt mining industries. The company operates through two segments, Pipe, and Oil and Gas. It provides fiber glass reinforced pipe products, such as line pipes, connecting systems, downhole pipes and casings, and fittings for oil and gas, marine, chemical and brine, and infrastructure applications in China, Canada, Middle Asia, and the Middle East.

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