Ever-Glory International (EVK) Stock Gains 13% in a Month: What Next?

If you are currently looking into stocks that might have recorded considerable gains over the course of the past month then it could be a good time to take a look at the Ever-Glory International Group Inc (NASDAQ:EVK) stock. Over the course of the past month, the stock has made steady gains and managed to clock gains of as much as 13.50%.

That said, it is also necessary for investors to keep in mind that there has been no specific news about the company over the course of the most month. In this situation, it might be a good move to take a look at the company’s first fiscal quarter financial results, that were announced back in May.

In that quarter, the company managed to record sales of $70.8 million, which reflected an impressive rise of as much as 21.4% from the sales of $58.4 million recorded in the prior year period. The considerably rise in sales was mainly due to the 4.2% rise in the company’s wholesale business. On the other hand, the retail business clocked a rise of 32%. On the other hand, it is also necessary to point out that the fashion apparel retail business also performed well and managed to generate growth of 32% year on year in sales.

Market Reaction:

On Friday, EVK stock went down 1.38% at $2.85 with more than 2.49 million shares, compared to its average volume of 361K shares. The stock had moved within a range of $2.6200 – 3.1500 after opening the trade at $2.90. Over the past 52-week, the stock has been trading within a range of $0.8000 – 8.3000.

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