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down 95.95 %

WONDER AUTO TECH INC (WATG) upgraded to Overweight with price target $16 by Piper Jaffray

Posted on: Thursday,  Sep 17, 2009  8:25 AM ET by Piper Jaffray

Piper Jaffray rated Overweight WONDER AUTO TECH INC (OTCBB: WATG) on 09/17/2009, when the stock price was $11.13.
Since then, WONDER AUTO TECH INC has lost 95.96% as of 11/15/2012's recent price of $0.45.
If you would have followed this Piper Jaffray's recommendation on WATG, you would have lost 95.95% of your investment in 1155 days.

Wonder Auto Technology, Inc. (WATG) is a holding company, whose business operations are conducted, through its operating subsidiaries, Fuxin Huirui Mechanical Co., Ltd., Jinan Worldwide Auto Accessories Co., Ltd., Jinzhou Dongwoo Precision Co., Ltd., Jinzhou Wonder Auto Electrical Equipment Co., Ltd., Jinzhou Hanhua Electrical System Co., Ltd. and Jinzhou Wonder Motor Co., Ltd. It is engaged in designing, developing, manufacturing and selling automotive electrical parts, specifically alternators and starters, engine valves, tappets, rods and shafts in China. The Company?s products are mainly used in passenger cars and commercial vehicles and sold to original equipment manufacturers in China. In September 2009, the Company announced that its wholly owned subsidiary, Jinzhou Wanyou Mechanical Parts Co., Ltd, acquired Friend Birch Limited(Hong Kong) (Friend Birch), including its rods and shafts technology development center, technologies and patents and two wholly owned subsidiaries.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2009 8:25 AM Buy
11.13 16.00
as of 12/31/2009
1 Week down  -38.75 %
1 Month down  -38.33 %
3 Months down  -38.75 %
1 YTD down  -38.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/8/2009 8:25 AM Hold
12/27/2007 8:25 AM Buy
11.06 15.00
10/30/2007 9:25 AM Buy
9.19 12.00

(*) Stock Price at the time of the recommendation.
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