Strong Sales Growth Boosts Delta Technology Holdings (DELT); Upside Visualized in Tesla Motors (TSLA)
Shares of Delta Technology Holdings Ltd. (Nasdaq:DELT) soared more than 141% to touch the $2.10 mark in early trade Thursday after the China-based company said that its revenue (unaudited) from sales of four main products rose by 139.55% to $20.53 million in the fourth quarter 2016 – versus the same period the prior year -.
DELT stock is trading at $1.61, up $0.75 (or +86.50%) and 4.55M of its shares changed hands so far, representing a large increase in activity versus its average volume (3m) of 98,700 shares
Delta Technology Holdings, which manufactures and sells fine and specialty chemicals, has 8.62M shares outstanding and DELT stock 52-week range is between $0.43 and $3.14 per share.
Investment analysts at Morgan Stanley upgraded Tesla Motors Inc. (Nasdaq:TSLA) shares from an Equal-Weight to an Overweight rating and a price target of $305.00
TSLA stock is changing hands at $244.26, up $5.90 (or +2.48%) and 3.10M of its shares have traded so far on Thursday.
Tesla Motors, which designs, develops, manufactures and sells electric vehicles and energy storage products, has 161.09M shares outstanding and TSLA stock one-year range is from $141.05 to $269.34 per share.
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