World Precision: Adds 3 new manufacturers to its customer base. The 3 are Beijing Shi Yu, a major auto parts supplier to Hyundai Motor Grp, Shenyang Xinbaolu Aviation, dealing in both aviation and auto parts, and lastly a subsidiary of Guangdong Vanward New Electric, a leading gas appliance maker. Co will supply high-performance and high-tonnage stamping machines with expected gross margins of 35% above usual 25% for conventional stamping machines.
Co currently trades at 5.1x P/E compared to hist avg of 6.1x
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