ShengdaTech (SDTH) Shares Rallying Sharply on Analyst Upgrade
More News related to SDTH
- ShengdaTech, Inc. Receives Approval for NPCC Acquisition in Anhui Province
- ShengdaTech, Inc. to Present at Upcoming Investor Conferences in November
- ShengdaTech, Inc. Schedules Conference Call to Discuss 2009 Third Quarter Results
- ShengdaTech, Inc. Named to Forbes Magazine's List of Asia's '200 Best Under a Billion'
- Oppenheimer Upgrades ShengdaTech (SDTH) to Outperform
Shares of Chinese chemical manufacturer, ShengdaTech (Nasdaq: SDTH) are spiking today amid a bullish analyst report. The stock most recently traded at $4.35, up 16% from yesterday's close. Notably, ShengdaTech is seeing extremely heavy volume today, already trading more than 400,000 times, which compares to the stocks average daily volume of just 208,000 shares.
A Roth Capital analyst lifted the firm's investment rating on ShengdaTech from Hold to Buy this morning, also setting a $6 price target on the stock. Even with today's sharp move higher, the Roth target still suggests upside of about 38% from current levels.
To stay up-to-date on all the market-moving analyst calls on ShengdaTech, click here or go to http://www.streetinsider.com/stock_lookup_news.php?q=sdth&type=analyst.
ShengdaTech, Inc. engages in manufacturing, marketing, and selling nano precipitated calcium carbonate products.
Related Categories
Momentum MoversUpgrades
Stocks Mentioned
+0.09Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
