China Advanced Con. Materials Gr. Inc ( NASDAQ:CADC ) stock of the company was up more than 14 % . Also stock was up yesterday. There are no specific news relevant to the company. It might be some development news under way to be announced in near future. Some investors have started loading up the stock for possible news based gain. Keep an eye on the stock, as it might move up sneakily.
Last news was quarterly earnings announced by company on 13th may 2011. company has reported 41% increase in revenue, while net EPS was 19 cents per share. Results were quite impressive but today's move is not related to earnings.
Third Quarter FY 2011 Financial Highlights
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| China Advanced Construction Materials Group Inc |
-- Revenue increased 41% year over year to $23.1 million
-- Gross margin at 17.5% -- Non-GAAP adjusted net income available to common shareholders of $2.4 million
-- Non-GAAP adjusted fully diluted EPS to common shareholders of $0.13
-- GAAP net income available to common shareholders of $3.6 million or $0.19 EPS.
-- Quarter end backlog up 30% sequentially to record $87 million
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