Stock Alert: Tian Ruixiang Holdings Sharply Higher Following Annual Results

Shares of China-based insurance broker Tian Ruixiang Holdings Ltd (TIRX) are surging more than 34% Tuesday morning after reporting robust full-year 2020 results.

Net income in 2020 jumped 260.7% to $0.63 million or $0.13 per share from $0.18 million or $0.04 per share for the same period of last year.

Revenue in 2020 increased 62.3% to $3.25 million from $2.00 million last year, which is primarily attributable to the growth of the company’s business.

TIRX, currently at $16.20, has been trading in the range of $11.10- $103.87 in the last one year.

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