China National Mat (CASDY) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of China National Mat (NASDAQ:CASDY) from a hold rating to a strong-buy rating in a research note published on Thursday. Zacks Investment Research currently has $9.00 price objective on the stock.

According to Zacks, “China National Building Material Company Limited (CNBM) is an investment holding company principally engaged in the production and sale of cement. The Company operates its business through six segments. The Cement segment is engaged in the production and sale of cement. The Concrete segment is engaged in the production and sale of concrete. The Lightweight Building Materials segment is engaged in the production and sale of lightweight building materials. The Glass Fiber and Composite Materials segment is engaged in the production and sale of glass fiber and composite materials. The Engineering Services segment is engaged in the provision of engineering services to glass and cement manufacturers and equipment procurement. The others segment is engaged in merchandise trading business and others. “

Shares of China National Mat (NASDAQ CASDY) opened at 9.65 on Thursday. The stock has a 50 day moving average of $6.88 and a 200 day moving average of $6.23. The firm has a market cap of $1.72 billion and a P/E ratio of 15.08. China National Mat has a 52 week low of $4.50 and a 52 week high of $10.10.

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