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Enter Symbol:
 
WONDER AUTO TECH INC (WATG) [hlAlert]

Rating:
Mkt Outperform
WATG
down 96.32 %

WONDER AUTO TECH INC (WATG) rated Mkt Outperform with price target $15 by Rodman & Renshaw

Posted on: Tuesday,  Nov 3, 2009  10:25 AM ET by Rodman & Renshaw

Rodman & Renshaw rated Mkt Outperform WONDER AUTO TECH INC (OTCBB: WATG) on 11/03/2009, when the stock price was
$12.25. Since then, WONDER AUTO TECH INC has lost 96.33% as of 11/15/2012's recent price of $0.45.
If you would have followed this Rodman & Renshaw's recommendation on WATG, you would have lost 96.32% of your investment in 1108 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.

Rodman & Renshaw is a full-service investment bank dedicated to providing investment banking services to companies that have significant recurring capital needs due to their growth and development strategies. We also provide research and sales and trading services to institutional investor clients that focus on such companies. Since 2003, Rodman has been a leading investment banking firm to the biotechnology sector, a capital intensive market segment, as well as a leader in the PIPE (private investment in public equity) and RD (registered direct placements) transaction markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/3/2009 10:25 AM Buy
None
12.25 15.00
as of 12/31/2009
1 Week down  -38.75 %
1 Month down  -38.33 %
3 Months down  -40.00 %
1 YTD down  -40.00 %

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