China Ceramics : CCCL) Drags Down Industrial Goods, Skidding 9.43% on August 18

China Ceramics Co. Ltd. (CCCL) was one of the weakest stocks in the industrial goods sector of the NYSE and NASDAQ listed companies on August 18, skidding 9.43% to close the day at $3.17 after closing the day prior at $3.5. Throughout the day, shares of CCCL traded as high as $3.7 and as low as $3.17. Today's decline came with about 142,274 shares changing hands, compared to an average 30-day volume of 827,327 for China Ceramics Co. Ltd.. The price is currently below the 30-day volume weighted average price of $3.51 for CCCL. The share depreciation gives the company a market capitalization of $9.56 million based upon 2.73 million shares outstanding. It also means that CCCL has a price-to-book ratio of 0.06:1. In the past 52 weeks, shares of CCCL have traded as low as $2.01 and as high as $10.08. Technical traders will take note that at $3.17, shares of CCCL are trading below their 200-day MA at $4.57 and above their 50-day MA at $3.1. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is CCCL? China Ceramics Co Ltd manufactures & sells ceramic tiles used for exterior siding & for interior flooring & design in buildings. Its product categories are: porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles & polished glazed tiles. The company's 1417 employees are led by CEO Jia Dong Huang from the corporate headquarters at Junbing Industrial Zone in Jinjiang City, Fujian Province.For more information on CCCL and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.About FinancialPress.comFinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewedhere.

Source: Financial Press News (August 18, 2016 - 10:38 PM EDT)

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