Biostar Pharmaceuticals (BSPM) Takes Upward Bounce; Shiloh Industries (SHLO) Delivers Profits

Biostar_Pharmaceuticals_BSPM

The price of Biostar Pharmaceuticals, Inc. (Nasdaq:BSPM) stock soared over 335% to reach the $5.97 mark in early trade Wednesday, currently changing hands at $4.12, up $2.75 (or +200.77%) with 10,239,421 shares traded so far

There appears to be nothing special in the way of news from the company that may explain the sudden bullish activity in the stock. A couple weeks ago, Biostar Pharma reported first quarter fiscal 2016 net sales of $0.8 million and a net loss of ($0.6) million for the period

Biostar Pharmaceuticals, which develops, manufactures, and markets pharmaceutical and health supplement products in China, has 2.21M Shares Outstanding and BSPM stock one-year range is between $1.08 and $9.59 per share

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Shiloh_Industries_SHLO

Shares of Shiloh Industries, Inc. (Nasdaq:SHLO) climbed on Wednesday’s trading session, after the company delivered strong profitability growth – sequentially – in its quarterly financial results

For the second quarter 2016, Shiloh Industries posted revenue of $284.3 million and net income of $3.1 million – compared to a net loss of ($5.1) million in the previous quarter

SHLO stock is trading at $6.60, up $1.27 (or +23.83%) and 81,058 shares of the company changed hands so far

Shiloh Industries, which supplies lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial segments, has 17.34M Shares Outstanding and SHLO stock 52-week range is from $3.06 to $13.83 per share

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