China Tracker - Details for Sutor Technology (SUTR)

 Sutor Technology
Shares Outstanding (MRQ): 40.75 mill 
New Shares / Dilution (TTM): 2.14 mill5.54%
New Shares / Dilution (since Dec 31, 2008): 2.79 mill7.35% 
Cash (MRQ): 12.16 mill48.15%
Account Receivables (MRQ): 16.56 mill65.54%
Account Receivables (Q/Q): + 11.89 mill254.71%
Long-Term Debt (MRQ): 16.83 mill66.62%
Revenue Growth (Q/Q): 1.96% 
Revenue Growth (Y/Y): -11.43%
Net Income Growth (Q/Q): 18.24% 
Net Income Growth (Y/Y): 2.17% 
EPS Growth (Y/Y): -3.19%
Net Margin (Q/Q): 3.4% (3.0%)0.50% 
Net Margin (Y/Y): 3.4% (3.0%)0.50% 
EPS | P/E (2 MRQ Projection): $0.311.97
CFPS | P/CF (2 MRQ Projection): $0.125.21
Price/Sales (2 MRQ Projection): 0.06
Price/Book (MRQ): 0.13
Auditor: Hansen, Barnett and Maxwell
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.381.63
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-05-06 
Uplisting to Senior Exchange: on 2008-02-11 at $4.28 (-85.52% since Uplisting)

 Business Outlook

Going forward, we anticipate favorable top line growth on a year over year basis beginning next fiscal year. We are encouraged by the fact that demand for our products remained strong and the prices for our products increased between approximately 6.5% and 19.0% in the third fiscal quarter this year over the same quarter last year. Our priority continues to be pursuing quality of product and services and profitability. At the same time, we are taking proactive and prudent measures to address growth issues. We are constructing a cold-rolling facility with an annual designed capacity of 500,000 metric tons which will supplement our existing cold-rolling production line which has a designed annual capacity of 250,000 metric tons and has been running at more than 100% of its designed capacity lately. We expect that the new facility will alleviate our current capacity constraint, contribute to higher gross margins, and enhance our product offerings. The new facility is expected to commence operation in the first half of calendar year 2012. We continue to explore other corporate strategic initiatives including seeking strategic partners and/or investors when appropriate. We will prudently implement these measured growth strategies in order to maintain financial strengths, liquidity and protect and improve shareholder value. We are excited about the future of Sutor as management and as shareholders.

(Source: PR Newswire, 2011-05-09)

We remain optimistic about the remainder of fiscal year 2011. In January, we received approximately 10,000 tons of international sales orders as compared with about 10,500 tons of such orders for the whole third quarter of FY2010. In the second quarter of FY2011, Sutor was honored as a High-Tech Enterprise by Jiangsu provincial government. This certification places Sutor among a selected few value-added steel producers in China that won both government and market recognition. Further, Sutor recently opened two new offices in metropolitan Ningbo and Shanghai in an effort to attract talents, increase brand recognition and better service our customers. As we continue our strategies of expanding sales channels, optimizing product portfolio, enhancing research and development efforts, and improving brand recognition, we believe we can capitalize on the ongoing industrial upgrading and urbanization processes in China.

(Source: PR Newswire, 2011-02-14)

In the coming months, we plan to participate in a number of international steel products trade shows in an effort to increase our brand recognition and build a strong global presence. As part of our long-term growth strategy, we continue to pursue selective domestic M&A opportunities and seek other opportunities for strategic cooperation with leading domestic and international steel companies to produce advanced products to meet the increasing demand from the on-going urbanization and industrial upgrading in China. We are optimistic about our financial outlook and expect improved financial performance for fiscal year 2011 over the last fiscal year.

(Source: PR Newswire, 2010-11-12)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-05-10Roth CapitalReiterationNeutral$2.20
2011-02-16Roth CapitalDowngradeNeutral$2.20
2011-02-14Rodman & RenshawReiterationOutperform$5.00
2010-11-15Roth CapitalReiterationBuy$4.00
2010-11-12Rodman & RenshawReiterationOutperform$6.00

SUTR is currently followed by 2 analysts. 1 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 3.60, which implies 480.73% upside from current price.


    see all Analyst Ratings

 Recent Financings
2010-03-05Priced$8.58 mill2.74 mill shares$3.13

 Investor Presentations
2010-05-12 (Powerpoint)   DOWNLOAD (right click, save as)
2010-03-01 (PDF)   DOWNLOAD (right click, save as)
SUTR
Steel
SCORE
5
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH RISK
DETAILS: Safety/Risk Model for SUTR
Current Price:  $0.62
F10k Day (2007-08-17): -80.26%$3.14
2009 Close: -76.70%$2.66
2010 Close: -71.31%$2.16
2011 Close: -43.65%$1.10
High (2012-02-15): -52.68%$1.31
Low (2012-08-22): -4.64%$0.65
Exchange: NMS
Market Capitalization: 25.26 mill
Total Shares: 40.75 mill
Float: n/a
Avg Volume: 35.40 k
Short Interest: 361.90 k
Short Ratio: 3.50%10.2 d
Last Quarter: 2011-03-31
Revenue (MRQ): 101.37 mill
Net Income (MRQ): 3.47 mill
Op. Cash Flow (MRQ): 0.87 mill
all financial data provided without warranty