Shandong Molong Petroleum Machinery Co Ltd

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Shandong Molong Petroleum Machinery Co Ltd (0568) Price Performance

Shandong Molong Petroleum Machinery Co Ltd (0568) trades on Hong Kong Stock Exchange in HKD. The company is classified in the Energy sector under the Oil & Gas Equipment & Services industry. The stock currently trades at HKD10.63, down 5.09% from the previous close.

Over the past year, 0568 has traded between a low of HKD1.18 and a high of HKD11.79. The stock has gained 800.8% over this period. It is currently 9.8% below its 52-week high.

Shandong Molong Petroleum Machinery Co Ltd has a market capitalization of $11.53B.

About Shandong Molong Petroleum Machinery Co Ltd

Shandong Molong Petroleum Machinery Company Limited, together with its subsidiaries, engages in the design, research and development, production, and sale of products and services for the energy equipment industry in the People's Republic of China and internationally. It operates through Pipe Products; Oil sucker, sucker pump, sucker rod; Petroleum Machinery Parts; Casting and Forging; and Others segments. The company offers oil casings and drill pipe bodies; pipeline, boiler, fluid conveying, hydraulic support, gas cylinder, and structural pipes; three drawing equipment and accessories; sucker rods, oil pumps, oil pumping units, petroleum machinery accessories, and downhole tools; precision casting and forging products; and large ball valve bodies, mud pump liners, and floating ball valves for the petroleum industry. It also provides API and non-API casing products, line pipe products, precision steel pipes, hydraulic prop tubes, fluid pipes, cylinder tubes, and boiler tubes; tubular, multi-functional, inclined well, sand preventing, and feedback pumps; and cylinder liners and gate valves. The company's products are used in the oil and natural gas, shale gas, coalbed methane and coal mining machinery, boiler manufacturing, and engineering machinery manufacturing industries; and energy drilling, urban pipeline networks, and wind power casting fields. In addition, it engages in the research of new materials for energy equipment; production and sale of metal casting and forging; sea water desalination activities; waste heat and gas power generation activities; and manufacture and sale of special equipment. The company exports its products to America, Mexico, Canada, Russia, India, Middle East, Southeast Asia, Central Asia, Africa, Latin America, and other countries and regions. Shandong Molong Petroleum Machinery Company Limited was founded in 1986 and is based in Shouguang, China.