Two days ago, ALJ Regional Holdings, Inc. (PINK:ALJJ) published its report for the fourth quarter of 2011. To the delight of its stockholders, it represented considerable improvement over the previous three-month period, prompting investors to trade heavily with ALJJ stock.
Closing at $0.515 per share, ALJJ edged up $0.055, or 11.96%, thus scoring its highest close since late-September 2011. Shifting in excess of 165 thousand shares, ALJJ scored its second highest turnover for the last six months. The latter is also more than 4 times higher than the 30-day average trading volume of approx. 39K.
Founded in 1995, ALJJ is based in New York. Its main subsidiary, KES Acquisition Company, manages a steel mini-mill located near Ashland, Kentucky. In this respect, the company is a manufacturer of a variety of steel bar flats. In addition, the company also recycles steel from scrap.
The aforementioned Q4 2011 report revealed:
- cash reserves of $2.27M vs. $1.28M a/o Sept. 30, 2011;
- net working capital in excess of $28M;
- net sales revenue of $38.9M as compared to $32.67M in the preceding quarter;
- quarterly net income of $1.72 million, up 160% from Q3 2011.
