Boston, MA 05/29/2013 (wallstreetpr) – The share prices of Cleantech Solutions International Inc. (NASDAQ:CLNT) had declined by 14.45 percent to close at $6.57 per share for the end of last trading session. The shares of the company had been trading in the range of $6.21 to $7.85 per share during the day.
Certified Supplier to Sinopec and CNPC
Cleantech Solutions International Inc. (NASDAQ:CLNT) had recently announced that it had become the certified supplier of components to China Petroleum and Chemical Corporation (Sinopec) and to China National Petroleum Corporation (CNPC). The company would thereby deliver forged flanges and pipes for use in oil and natural gas onshore and offshore drilling equipments.
Cleantech Solutions International Inc. (NASDAQ:CLNT) is involved in the manufacture and supply of forged and fabricated products to clean technology consumers. The product lines of the company include forged rolled rings and related product to the wind power industry and certain forged and fabricated components to the equipments in solar industry. Cleantech Solutions International Inc. (NASDAQ:CLNT) operates its business in two major segments of forged rolled rings and related components segment and dyeing and finishing equipment segment.
Cleantech Solutions International Inc. (NASDAQ:CLNT) had recorded 52 week low price level of $2.03 per share and 52 week high price level of $10.85 per share. The company presently holds 2.67 million shares outstanding and the institutional ownership in the company is at 11 percent of the holdings. Cleantech Solutions International Inc. (NASDAQ:CLNT) witnessed a surge in trading volume at 1.66 million shares for the last trading session, while the average trading volume for the company is only 826,540 shares per day.
