Fuwei Films (Holdings) Co., Ltd. (NASDAQ:FFHL) Will Report Its Financial Results for the Third Quarter of 2016 on Monday, November 28, 2016 as Stock Skyrockets

Manufacturer and distributor of high-quality BOPET plastic films in China, Fuwei Films (Holdings) Co., Ltd. (NASDAQ:FFHL), announces it will release its Q3, 2016 financial results on Nov. 28th.

Fuwei Films (Holdings) Co., Ltd. (FFHL) (“Fuwei Films” or the “Company”), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that the Company will report its unaudited financial results for the third quarter of 2016 on Monday, November 28, 2016 after the close of the market.

The Company will host a teleconference on Tuesday, November 29, 2016, at 8:00 a.m. EST / 9:00 p.m. Beijing time to discuss the financial results. To participate in the call, please dial +1-877-407-9205 in North America, or +1-201-689-8054 internationally, approximately 10 minutes prior to the scheduled start time.

A replay of the call can also be accessed via telephone by calling +1-877-481-4010 in North America, or +1-919-882-2331 internationally, and entering the following Conference ID: 10160. The replay will be available until December 29, 2016, at 11:59 p.m. EST.

About Fuwei Films

Fuwei Films conducts its business through its wholly owned subsidiary, Fuwei Films (Shandong) Co., Ltd. (“Fuwei Shandong”). Fuwei Shandong develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei’s BOPET film is widely used to package food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries.

Safe Harbor

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission which, among other things, include both the short and long-term effects of the global financial crisis on the Company and the BOPET film industry; competition in the BOPET film industry; growth of, and risks inherent in, the BOPET film industry in China; uncertainty as to future profitability and our ability to obtain adequate financing for our planned capital expenditure requirements; uncertainty as to our ability to continuously develop new BOPET film products and keep up with changes in BOPET film technology; risks associated with possible defects and errors in our products; uncertainty as to our ability to protect and enforce our intellectual property rights; uncertainty as to our ability to attract and retain qualified executives and personnel; and uncertainty in acquiring raw materials on time and on acceptable terms, particularly in view of the volatility in the prices of petroleum products in recent years. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of the risk factors.

Original Source

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Fuwei Films (Holdings) Co., Ltd. (NASDAQ:FFHL) shares have moved +50.520% on the news thus far today and have traded in the range of $0.521 – 0.990 during the current session.  In order to take a look at where the stock might be headed longer term, investors often look to research firms that cover the stock. Sell-side research firms currently have a consensus one-year price target of $89.450 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.  The sell-side analysts are projecting earnings per share of $0.000 for the next fiscal quarter.

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In looking at where the stock is trading on a technical level, the stock is trading +93.357% away from its 50-day moving average of $0.472.  Based on the most recent available data, the equity is -28.189% off of its 52-week high of $1.270 and +160.571% away from its 52-week low which is $0.350.

Today, the stock opened at $0.521 and the last bid at the time of writing stood at $0.912.  During the session thus far, the equity dipped down to $0.521 and touched $0.990 as the high point.  Fuwei Films (Holdings) Co., Ltd. (NASDAQ:FFHL) has a market cap of $11.91M and has seen an average daily volume of 11,035 over the past three months.

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