Revenue Update on Ossen Innovation Co Ltd (ADR)(NASDAQ:OSN)

Ossen Innovation Co Ltd (ADR)(NASDAQ:OSN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Sep 30, 2016. Earnings per share were $0.02.

Ossen Innovation Co Ltd (ADR) (OSN) shares turned negative on Tuesdays trading session with the shares closing down -0.072 points or -3.13% at a volume of 6,273. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.4599. The peak price level was also seen at $2.4599 while the days lowest was $2.23. Finally the shares closed at $2.23. The 52-week high of the shares is $3.540003 while the 52-week low is $1.920001. According to the latest information available, the market cap of the company is $15 M.

Ossen Innovation Co. Ltd. is a holding company. The Company manufactures and sells a range of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company’s materials are used in the construction of bridges highways and other infrastructure projects in the People’s Republic of China and internationally. Its facilities are located in Maanshan City Anhui Province and in Jiujiang City Jiangxi Province in the People’s Republic of China. Its pre-stressed steel materials are categorized as plain surface products and coated products. Its products are marketed under the Ossen brand name both domestically and internationally.

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