Zacks Investment Research upgraded
Tri-Tech Holding, Inc.
) 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
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
EnPro Industries, Inc.
The Babcock & Wilcox Company
), each holding a Zacks Rank #1 (Strong Buy).
ALTRA HOLDINGS (AIMC): Free Stock Analysis
BABCOCK&WILCOX (BWC): Free Stock Analysis
ENPRO INDUS INC (NPO): Free Stock Analysis
TRI-TECH HOLDNG (TRIT): Free Stock Analysis
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