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Guanwei Recycling (NASDAQ:GPRC) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday, American Banking News.com reports.

The analysts wrote, “Guanwei Recycling (GPRC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”

Guanwei Recycling (NASDAQ:GPRC) traded up 6.69% on Wednesday, hitting $2.55. The stock had a trading volume of 10,790 shares. Guanwei Recycling has a 1-year low of $1.18 and a 1-year high of $3.88. The stock has a 50-day moving average of $2.86 and a 200-day moving average of $2.75. The company has a market cap of $26.5 million and a price-to-earnings ratio of 2.56.

Guanwei Recycling Corp. is engaged in the manufacture and distribution of low density polyethylene (NASDAQ:GPRC) and other recycled plastics products, using imported raw material in the form of plastic waste.

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