On Friday, Energy & Environmental Services Inc [OTC: EESE] traded 188.00% higher than the previous close as it went up by $0.1175 to close the trading at $0.1800. Against the 30-day Average Volume of 67.45K, the EESE stock recorded a Volume of 1.00M. A spike in EESE shares price occurred without any linked news that could have accelerated this increase.
However, The EESE’s business model and stock performance as well as its latest financials may provide more meaningful insight into its potential.
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Energy & Environmental Services has owned and operated factories and warehouses in Oklahoma and Texas since 1991. Chemicals are manufactured, blended, and packaged at EESE to meet the needs of the oil & gas, agriculture, protective coating, and agriculture industries. EESE is divided into three product segments of Enduro-Tech for chemicals, Enduro-Bond for coatings, and Eco-Zyme for enzyme products. Patriot Chemicals and Graham Trucking are two of the Energy & Environmental Services’ subsidiaries. EESE has also developed new products and applications for livestock feed supplements and enzyme system technologies.
When measured by performance, the EESE stock did 221.43% during the previous week, and 102.25% in the past month. A rise of 260.00% was seen in quarterly performance, but the growth of 81.82% was seen in annual performance, with EESE’s YTD performance of 260% and 259.28% for the past six months. It has been trading between $0.0387 – $0.4300 over the last 52 weeks, which corresponds to a rise of 365% to the 52-week low, but a drop of -138% from the 52-week high.
In its most recent financial results, the total full-year revenue of Energy & Environmental Services increased from $7,201,300 to $8,566,800 in 2019. As a result, the cost of sale margins increased, going from 52.0% of sales in 2018 to 34.0% of sales in 2019. Even with these increases, EESE struggled to make a profit in 2019 with a net loss of $414,400 versus a profit of $39,300 in 2018. In 2019, the loss was mainly due to increased general and administrative costs which resulted from the acquisition of Patriot Chemicals and Graham Trucking.
The Energy and Environmental Services (EESE) is likely to be posting better financial results this time that are anticipated to be released this week or next. The EESE stock may continue rising before the release of the results as investors’ sentiments are improving.