Tri-Tech Holding Upped to Strong Buy - Analyst Blog
11 Abril 2013 - 7:50AM
Zacks
Zacks Investment Research upgraded
Tri-Tech Holding, Inc. (TRIT) to a Zacks Rank #1
(Strong Buy) on Apr 9, 2013.
Why the
Upgrade?
Tri-Tech Holding reported its financial results for the year 2012
on Apr 1, 2013. The results were quite a disappointment as the
company reported a net loss per share of 28 cents on the back of a
15% decline in total revenue and 65% increase in operating
expenses.
Despite the weak financials, increase of roughly 73% in Water
Resource Management System and Engineering Service segment, 64% in
Industrial Pollution Control and Safety segment is worth
mentioning. For 2012, management of Tri-Tech Holding aims at
improving its performance in the Water, Wastewater Treatment and
Municipal Infrastructure segments. Moreover, proper steps will be
taken to improve the cash flow position of the company.
Talking of contract wins, the first quarter of 2013 has proven to
be a great start for the year; approximately $9.6 million worth of
contract was awarded to Tri-Tech Holding. We also see expansion on
the cards for the company as a joint venture has been formed to
develop the Indian water infrastructure market.
In the last 30 days, earnings estimate for Tri-Tech Holding has
seen an upward trend. The Zacks Consensus Estimate for 2013 has
gone up 28.7% to $1.39 per share.
Other Stocks to Consider
Tri-Tech Holding is a $12.9 million waste management company
serving government, state-owned entities, and commercial clients in
China, India, North America, and the Middle East.
Other stocks worth a look in the industry are Atlas Copco
AB (AIMC), EnPro Industries, Inc. (NPO),
and The Babcock & Wilcox Company (BWC), each
holding a Zacks Rank #1 (Strong Buy).
ALTRA HOLDINGS (AIMC): Free Stock Analysis Report
BABCOCK&WILCOX (BWC): Free Stock Analysis Report
ENPRO INDUS INC (NPO): Free Stock Analysis Report
TRI-TECH HOLDNG (TRIT): Free Stock Analysis Report
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Zacks Investment Research
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