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February 26, 2008

SpeculatingStocks.com Stock Pick: Sutor Technology Group, Ltd. (SUTR)

Stock Price: $5.16


Sutor Technology Group, Ltd. is one of the leading private manufacturers of steel finishing fabrication products in China. The company utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into steel finishing fabrication products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid- pickled steel, and cold-rolled steel.

SUTR moved to the NASDAQ from the bulletin board on Monday, February 11th. Since being listed, SUTR has settled at a higher level with strong volume.

Metal related stocks have been heating up and we believe SUTR will start to move higher again. SUTR is trading at a market cap of only $195.85 million.

SUTR reported revenue last quarter of $114.89 million and net income of only $6.68 million. On a technical basis, SUTR is looking strong for a move in the short-term.

 
     
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