Sunday, March 7, 2010
In the Zone
LIWA - Lihua International Inc.
Lihua International, Inc., through its subsidiaries, operates as a manufacturer of copper replacement products for magnet and fine wire markets in the People's Republic of China. It designs, develops, manufactures, markets, and distributes alternatives to pure copper magnet wire, including copper-clad aluminum wire and recycled scrap copper wire.
The company offers its products in various diameters ranging from 0.03 mm to 1.18 mm. It produces copper-clad aluminum wire in various forms, including magnetic wire, tin plated wire, and raw wire. The company sells its products directly to manufacturers or through distributors in the wire and cable industries, as well as to manufacturers in the consumer electronics, white goods, automotive, utility, telecommunications, and specialty cable industries. Lihua International, Inc. was incorporated in 2008 and is based in Danyang, China.
The company ended the week trading at $9.37 up +$1.22 or +14.97% on heavier than average volume of 3.95 million. The average trading volume for the company is 1.84 million.
***Please have a close look at the chart below***