Newater Technology, Inc. develops, manufactures, and sells filtration products used in wastewater purification. It offers disk tube reverse osmosis (DTRO) and disk tube nanofiltration (DTNF) membrane filtration products that are used in the treatment, recycling, and discharge of wastewater. The company also supplies hardware and engineered systems to implement integrated solutions with DTRO and DTNF products. In addition, it provides traditional wastewater treatment solutions, such as activated carbon and resins; as well as engineering support and installation, technical advice, and other proj
How Did Newater Technology Inc’s (NEWA) 33.55% ROE Fare Against The Industry? Thu, 23 Nov 2017 21:41:09 +0000 With an ROE of 33.55%, Newater Technology Inc (NASDAQ:NEWA) outpaced its own industry which delivered a less exciting 11.63% over the past year. On the surface, this looks fantastic sinceRead More...
At $12.22, Is Newater Technology Inc (NEWA) A Sell? Wed, 08 Nov 2017 23:49:12 +0000 Newater Technology Inc (NASDAQ:NEWA) trades with a trailing P/E of 44x, which is higher than the industry average of 27.2x. While NEWA might seem like a stock to avoid orRead More...
Newater Technology, Inc. Announces Full Exercise of Underwriter's Over-Allotment Option Thu, 03 Aug 2017 20:30:00 +0000 YANTAI, China, Aug. 3, 2017 /PRNewswire/ -- Newater Technology, Inc. ("Newater" or the "Company") (NEWA), a developer and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced that ViewTrade Securities, Inc., who acted as the managing underwriter and sole book-runner of the Company's initial public offering ("IPO"), has exercised the full over-allotment option to purchase an additional 210,000 common shares of the Company at the IPO price of $5.00 per share. As a result, the Company has raised $8,050,000 in gross proceeds, before underwriting discounts and commissions and offering expenses, through the issuance of a total of 1,610,000 common shares in the IPO.
Newater Technology, Inc. Announces Closing of Initial Public Offering Wed, 02 Aug 2017 20:30:00 +0000 YANTAI, China, Aug. 2, 2017 / PRNewswire/ -- Newater Technology, Inc. ("Newater" or the "Company") (NEWA), a developer and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, today announced the closing of its initial public offering (the "IPO") of 1,400,000 of its common shares at a price to the public of $5.00 per share for a total offering size of $7,000,000 before underwriting discounts and commissions and offering expenses. The Company has granted the underwriter a 45-day option to purchase up to 210,000 additional shares. The offering closed on August 2, 2017 and shares began trading on July 28, 2017 on NASDAQ Capital Market under the symbol "NEWA".
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Red Letters imply that that particular criteria did not meet minimum requirements, e.g., a low GSA Rank would show it in red.
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Accum/Dist: 1.26 (median winner: 1.53)
Above 40wkMA: 127% (median winner: 35%)
Disclaimer The stock selections in our stock investing and stock trading database are not stock recommendations, but simply represent applications of a stock investing process. All materials, including our Top Stock Picks, are provided for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Growth Stock Analytics, LLC is not responsible for gains/losses that may result in investing or trading in these securities. All information is believed to be obtained from reliable sources, but there is no guarantee that the information supplied is accurate, complete or timely. There is no guarantee or warranty with regard to the results obtained from its use. There is no guarantee of suitability or potential value of any particular investment or information source. You acknowledge that your requests for this information are unsolicited and shall neither constitute nor be considered investment advice. Past investing performance is not an indication of future performance results. Investing and trading in stocks is risky. Investors are encouraged to consult a registered stock broker or investment adviser before making any investing decisions. The interpretations and opinions expressed herein are solely those of Growth Stock Analytics, LLC, and not of any other individual or organization.