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 HKD8.91, up 10.14% from the previous close.

Over the past year, 0568 has traded between a low of HKD1.31 and a high of HKD11.79. The stock has gained 560.0% over this period. It is currently 24.4% below its 52-week high.

Shandong Molong Petroleum Machinery Co Ltd has a market capitalization of $12.07B, with a price-to-earnings ratio of 809.00.

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; stage drawing equipment and accessories; sucker rods, oil pumps, oil pumping units, petroleum machinery accessories, and downhole tools; precision casting and forging products. It also provides API and non-API casing products, line pipe products, precision steel pipes, hydraulic prop tubes, fluid pipes, cylinder valves, 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 oil, natural gas, shale gas, coalbed methane, hydrogen energy, petroleum refining, coal mining machinery, boiler manufacturing, construction machinery manufacturing, and oilfield services. The company exports its products to the Middle East, Southeast Asia, Central Asia, Africa, and South America and other countries and regions. Shandong Molong Petroleum Machinery Company Limited was founded in 1987 and is based in Shouguang, China.

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