Hanwei Energy Services (TSE:HE) Hits New 1-Year Low at $0.02

Hanwei Energy Services Corp (TSE:HE)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 30000 shares changing hands. The stock had previously closed at C$0.02.

The company has a quick ratio of 0.18, a current ratio of 0.26 and a debt-to-equity ratio of 45.68. The firm has a 50 day moving average of C$0.02. The firm has a market capitalization of $3.88 million and a price-to-earnings ratio of -0.22.

Hanwei Energy Services (TSE:HE) last issued its quarterly earnings data 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 for 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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