Ossen Innovation Co., Ltd. (OSN) Can’t Burn Your Long Portfolio. Has Another Strong Session

March 14, 2018 - By Clifton Ray

The stock of Ossen Innovation Co., Ltd. (NASDAQ:OSN) is a huge mover today! The stock increased 4.74% or $0.12 during the last trading session, reaching $2.65. About 72,964 shares traded. Ossen Innovation Co., Ltd. (NASDAQ:OSN) has declined 18.18% since March 14, 2017 and is downtrending. It has underperformed by 34.88% the S&P500.
The move comes after 7 months positive chart setup for the $17.48 million company. It was reported on Mar, 14 by Barchart.com. We have $2.73 PT which if reached, will make NASDAQ:OSN worth $524,460 more.

More important recent Ossen Innovation Co., Ltd. (NASDAQ:OSN) news were published by: Marketwatch.com which released: “Ossen Innovation Co. Ltd. ADR” on July 20, 2017, also Benzinga.com published article titled: “40 Biggest Movers From Yesterday”, Benzinga.com published: “46 Biggest Movers From Yesterday” on February 09, 2018. More interesting news about Ossen Innovation Co., Ltd. (NASDAQ:OSN) was released by: Quotes.Wsj.com and their article: “Ossen Innovation Co. Ltd. ADR OSN (US: Nasdaq)” with publication date: February 11, 2011.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People??s Republic of China. The company has market cap of $17.48 million. It offers plain surface products, including plain surface prestressed concrete strands that are used as precast concrete plates on the riding surface of bridges; and unbonded plain surface PC strands for the construction of bridges and buildings. It has a 3.31 P/E ratio. The firm also provides plain surface PC wires and indented PC wires, which are used in the construction of buildings; helical rib PC wires for the construction of railway ties or sleepers, and buildings; and coated prestressed products comprising zinc coated PC products and rare earth coated PC products.

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