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Is it Time to Dump China Ceramics Co Ltd (CCCL) Stock After it Has Gained 12.68% in a Week?

Monday, October 12, 2020 09:57 AM | InvestorsObserver Analysts

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Is it Time to Dump China Ceramics Co Ltd (CCCL) Stock After it Has Gained 12.68% in a Week?

China Ceramics Co Ltd (CCCL) stock is up 12.68% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,neutral
China Ceramics Co Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on CCCL!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CCCL Stock Today?

China Ceramics Co Ltd (CCCL) stock is trading at $2.40 as of 9:54 AM on Monday, Oct 12, a rise of $0.20, or 9.09% from the previous closing price of $2.20. The stock has traded between $2.33 and $2.48 so far today. Volume today is less active than usual. So far 245,805 shares have traded compared to average volume of 398,247 shares.

To see InvestorsObserver's Sentiment Score for China Ceramics Co Ltd click here.

More About China Ceramics Co Ltd

China Ceramics Co Ltd is a leading manufacturer of ceramic tiles in China. The ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. Its product includes Porcelain, Glazed, Glazed porcelain, Rustic and Ultra thin. The company's project includes Semi-detached dwellings, Multi-unit dwelling, and Commercial. It's brand's portfolios are Hengda or HD, Hengdeli or HDL, Toerto, Wuliqiao and Pottery Capital of Tang Dynasty. Geographically, it derives majority revenue from PRC and also has an operation in Japan, Burma, India, Korea, Thailand, Hong Kong, Spain, Turkey, South Africa, Sierra Leone, Ghana, Russia, Morocco, and Great Britain.

Click Here to get the full Stock Score Report on China Ceramics Co Ltd (CCCL) Stock.

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