Highpower International, Inc. (NASDAQ:HPJ), a developer, manufacturer and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, announced financial results for the first quarter ended March 31. Net sales for the first quarter ended March 31, 2014 totaled $29.2 million, a year-over-year increase of 19.5% compared with $24.4 million for the first quarter ended March 31, 2013. The increase in sales for the first quarter was primarily due to a $4.1 million increase in net sales of our lithium batteries and a $0.4 million increase in net sales of our Ni-MH batteries. Highpower International Inc. (NASDAQ:HPJ) net profit margin is 0.60% and weekly performance is -23.59%. On last trading day company shares ended up $3.66. Analysts mean target price for the company is $4.00. Highpower International Inc. (NASDAQ:HPJ) distance from 50-day simple moving average (SMA50) is -27.13%.
Guanwei Recycling Corp. (NASDAQ:GPRC) Revenue during the three months ended March 31, 2014 from the sale of manufactured recycled LDPE was $11,517,717 as compared to $14,512,749 for the same period of 2013, which represents a decrease of $2,995,032 or 20.64%. Guanwei Recycling Corp. (NASDAQ:GPRC) shares fell -16.97% in last trading session and ended the day on $1.37. GPRC gross Margin is 21.90% and its return on assets is 16.90%.Guanwei Recycling Corp. (NASDAQ:GPRC) quarterly performance is -48.69%.
The Goldfield Corporation (NYSEMKT:GV) announced its earnings for the three months ended March 31, 2014. Revenue for the three months ended March 31, 2014, was $21.9 million compared to $22.5 million in the comparable prior year period. Goldfield Corp (NYSEMKT:GV) shares moved down -7.06% in last trading session and was closed at $1.64, while trading in range of $1.62 – $1.74. Goldfield Corp (NYSEMKT:GV) year to date (YTD) performance is -15.64%.
Net sales at Air Industries Machining Corp. (NYSEMKT:AIRI) were $7,131,000, a decrease of $347,000 or (5%) from $7,478,000 for the prior year. Net sales at Welding Metallurgy, Inc. were $3,313,000, an increase of $174,000 or 6% from $3,139,000 for the prior year. Net sales at Nassau Tool Works were $5,009,000, an increase of $1,301,000 or 35% compared to $3,708,000 for the prior year. Air Industries Group Inc. (NYSEMKT:AIRI) ended the last trading day at $10.98. Company weekly volatility is calculated as 7.66% and price to cash ratio as 108.02.Air Industries Group Inc. (NYSEMKT:AIRI) showed a negative weekly performance of -4.89%.
Ideal Power Inc., (NASDAQ:IPWR) an Austin-based photovoltaic inverter developer, said Wednesday it had narrowed its first-quarter losses to $1.4 million, or 20 cents per share, on revenue of $291,000 compared with a loss of $1.8 million, or $1.23 per share, on revenue of $380,000 during the same period last year. Ideal Power Inc. (NASDAQ:IPWR) weekly performance is -17.34%. On last trading day company shares ended up $7.15. Analysts mean target price for the company is $15.00. Ideal Power Inc. (NASDAQ:IPWR) distance from 50-day simple moving average (SMA50) is -20.39%.
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