reko international group inc
(REK:Venture)
reko international group inc (REK) Snapshot
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Open
C$1.51
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Previous Close
C$1.51
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Day High
C$1.51
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Day Low
C$1.51
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52 Week High
03/7/13 - C$1.90
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52 Week Low
06/13/12 - C$0.96
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Market Cap
9.7M
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Average Volume 10 Days
1.5K
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EPS TTM
C$0.28
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Shares Outstanding
6.4M
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EX-Date
--
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P/E TM
5.3x
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Dividend
--
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Dividend Yield
--
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Related News
reko international group inc (REK) Related Businessweek News
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Reko International Group Inc. engages in the design and manufacture of various engineered products and services for original equipment manufacturers and their tier 1 suppliers in Canada and the United States. The company’s products include high precision custom machining of castings and assemblies, specialty machines and lean cell factory automation, compression molds, hydroform dies, plastic injection molds, plastic secondaries, two shot molds, fixtures, and gauges. It serves the automotive, transportation, power generation, green energy, factory automation, mining, oil and gas, and defense industries. The company was founded in 1976 and is based in Lakeshore, Canada.
reko international group inc (REK) Top Compensated Officers
reko international group inc (REK) Key Developments
Reko International Group Inc. announced the continuance of its strategic marketing relationship with Resultz Media Group Corp. RMG will be responsible for the further expansion of its current marketing and branding strategies related to Reko International. RMG has established a foothold in the Canadian financial marketplace with new and existing shareholders of Reko and will now look to expand its marketing efforts to new and existing shareholders throughout North America.
Reko International Group Inc. announced consolidated unaudited earnings results for the second quarter and six months ended January 31, 2013. For the quarter, the company reported sales of $10,504,000 against $11,108,000 a year ago. Net income was $212,000 against $160,000 for the same period a year ago. Earnings per basic share was $0.03 against $0.03 for the same period a year ago. The decrease in sales was largely related to a reduced demand in the capital equipment market tied to uncertainty in the U.S as a result of government policy issues. For the six months, the company reported sales of $21,241,000 against $21,618,000 for the same period a year ago. Net income was $963,000 against $320,000 a year ago. Earnings per basic share were $0.15 against $0.06 for the same period a year ago.
Reko International Group Inc. reported that its previously announced commercial mortgage financing closed and is now fully funded. The mortgage, held by Motor City Community Credit Union, is in the amount of $5.6 million bearing interest at 6% per annum with a 5 year term and a 10 year amortization. Proceeds of the mortgage were used to pay out the existing mortgage with GE Capital Real Estate, pay all transaction costs associated with the mortgage and the remainder was used to reduce the Company's line-of-credit.
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Industry Analysis
REK
Industry Average
| Valuation | REK | Industry Range |
| Price/Earnings | 5.0x |
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| Price/Sales | 0.2x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | 2.5x |
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| TEV/Sales | NM | Not Meaningful |
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To contact REKO INTERNATIONAL GROUP INC, please visit www.rekointl.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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