HARTCOURT WKN 900009...ein brodelnder Vulkan...
da geht was
This is the 1st VOLUME alert for HRCT in the past 7 calendar days.
Trading for The Hartcourt Companies, Inc. (OTCBB: HRCT) has been heavier than usual in today's session. By 10:50 ET, the stock had already traded 625,600 shares via 160 trades. The cumulative volume is 12.95% above its 20-day average of 553,885. Normally the stock experiences around 120 individual trades per session.
So far, today's volume surge has caused a net decline in HRCT's stock price. At the time of this alert, the stock was trading at $0.810, down $-0.080 (-8.99%).
Eleven months ago, the Company's shares closed at $0.065. The price has gained more than 1146 percent since then.
Over the last 10 trading session HRCT has traded in a range between $0.580 and $0.920 and is currently trading 27.68% below its 52-week high of $1.120 set on May 16, 2003 and 1660.87% above its 52-week low of $0.046 from September 23, 2002.
In the previous 3 sessions, HRCT trading has displayed a positive trend. Closing results have been as follows:
July 30, 2003 --- closed at $0.890 up $0.160 (+21.92%) on 2,083,700 shares
July 29, 2003 --- closed at $0.730 up $0.085 (+13.18%) on 1,308,400 shares
July 28, 2003 --- closed at $0.645 up $0.035 (+5.74%) on 304,800 shares
The Company last released news on July 21, 2003:
Kurs Veränderung zum Vortag Tages 52-Wochen
abs. in % Tief Hoch Tief Hoch
Xetra EUR 01.08.2003 13:28 0,71 +0,11 +18,33% 0,71 0,71 0,060 0,99
Hartcourt Reports Profitable Second Quarter
Wednesday August 6, 8:46 am ET
Revenue Increased to $28 Million and Net Profit Was $463,378
LOS ANGELES, Aug. 6 /PRNewswire-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), www.hartcourt.com , today reported financial results for the second quarter of 2003. Revenues for the quarter were $ 28,112,109 as compared to $1,795,965 for the same quarter of 2002. Hartcourt recorded a net profit of $463,387 or $0.004 per share, as compared to a loss of $1,061,185 during the same quarter of 2002.
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The increase in revenue was due to the consolidation of two-month operation of NewHuaSun and Guo Wei and three-month operation of HuaQing. Revenue of ZhongNan, a recent acquisition, would be recorded in Q3. The cash position has improved from $79,845 as of 31 December 2002 to $6,085,682 as of 30 June 2003. The current ratio of assets over liabilities remains positive.
Mr. Richard Yan, Acting CFO of Hartcourt, comments, "The positive trend should continue in Q3 and Q4 as new acquisitions are coming on stream. Our financial priorities now are building a stronger cash position and to strengthen our internal audit control to prepare for 2004. That will be a crucial year to achieve the ambitious goal of our business strategy."
Since February 2003, Hartcourt has acquired controlling interest of HuaQing, NewHuaSun, GuoWei and ZhongNan, all top PC marketers and distributors in China and dominant players in their own geographical areas. The combined revenue in 2002 of these subsidiaries was US$181 Million with a net profit of US$3.1 Million. IDC expects the PC market in China to grow an average of 18-22% percent from now to 2006.
The company marks its 20th anniversary on August 7th, 2003 by hosting a reception at the Four Seasons Hotel in Shanghai. Over 150 dignitaries from IT industries, multi-nationals, financial institutions, government and media are expected to attend the event.
About Hartcourt
The Hartcourt Companies, Inc. is an investment and development company focusing on the acquisition and consolidation of fast-growing IT companies in China. Detailed information on Hartcourt can be obtained via its web site: www.hartcourt.com.
Forward-looking statements
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