Boston, MA 03/07/2014 (wallstreetpr) – E Commerce China Dangdang Inc (ADR) (NYSE:DANG) share have been amazing in the past few weeks of which they are up more than 45 percent in about two weeks now. The last session Thursday was just one in a streak of gains that have been noted in the stock.
This stock is amazing in more ways than one. The company is growing and is indicated even greater growth potential despite the competition that it is facing left, right and center. This growth is worth taking a closer look at, but more on that in just a while. For now, we can take a recap on the last trading session.
Shares of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) are up 0.45 percent from the last session to $17.93. The day saw the shares changing hands between $16.66 and $18.72 on the low and high boundaries respectively. Over the last 12 months the stock has been traded as low as $3.70 per share and as high as $19.05.
Winning in a competitive market
E Commerce China Dangdang Inc (ADR) (NYSE:DANG), like Amazon.com Inc (NASDAQ:AMZN), started in the business of selling books on the Internet. Today it stands out as the largest online book retailer in China – in terms of books selection and revenue.
And like Amazon and eBay Inc (NASDAQ:EBAY) which are the best known global leaders in online retailing and marketplace businesses, E Commerce China Dangdang Inc (ADR) (NYSE:DANG) it is also facing the growing completion. Generally this happens in the online retail and marketplace industry because of the fact that it is an easy market to enter.
But even with competition emerging everywhere in China, E Commerce China Dangdang Inc (ADR) (NYSE:DANG) remains a success story. The company has been able to maintain its top position in online retail in the Chinese space due to expansion of the merchandize it offers. From just selling books, it has moved into apparels and fashion and even third party marketplace system.
Modeling the future
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is confident about the strides it has made since its formation in 1999. The management hopes that the company can grow its profits by double digits.