|Bid||4.1500 x 3000|
|Ask||4.2100 x 4000|
|Day's Range||4.1500 - 4.3900|
|52 Week Range||1.5000 - 5.6900|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||2.58|
|Earnings Date||May 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
Ossen Innovation Co., Ltd. (the "Company") (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal"), dated September 15, 2020, from Pujiang International Group Limited ("Pujiang"), a Cayman Islands company listed on the Hong Kong Stock Exchange and beneficially holds approximately 65.9% of the Company, to acquire all of the outstanding ordinary shares of the Company not owned by Pujiang or its affiliates, including ordinary shares represented by American Depositary Shares (the "ADSs", each one representing three ordinary shares), for $1.667 in cash per ordinary share, or $5.00 in cash per ADS. A copy of the proposal letter is attached hereto as Exhibit A.
Ossen Innovation Co., Ltd. ("Ossen Innovation" or the "Company") (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced its financial results for the six months ended June 30, 2020.