Huawen Media Investment Corp (000793)

What is Huawen Media Investment Corp (000793)?

China Media Group Co., Ltd., or CMG, formerly Huawen Media Investment is a China-based company principally engaged in operating publishing businesses. The Company provides newspaper publishing, multimedia contents publishing, and the provision of studying abroad consulting services and building advertising services. The company is also engaged in gas business, which mainly carries out pipeline construction and gas supply by pipeline in Haikou, Hainan province, China. The company was founded on September 13, 1991.

000793 is it a good pick?

Asian stock markets and US futures fell after the tumultuous situation on Wall Street and with investors nervous about the situation in Ukraine with Russia, Shenzhen Component Index (SZSE) finished at 13,683.89, down 2.83%. Huawen Media Investment Corp. On October 26th published revenue was $242.5M and the following results are expected for April 18th.

Technical analysis

From Nov 26th to Jan 7th the share price went up 27.81% to a price of $3.23. From Jan 7th to Jan 27th the share price dropped -16.77% to a price of $2.66. The MACD shows that the stock is going down and the RSI is in the neutral zone, the market is falling, therefore the stock price could be down around -10.17% to a price of $2.40.