Alloy Steel International Inc (OTCMKTS:AYSI) Surges On Quarterly Results

[[tagnumber 0]][[tagnumber 1]]We haven‘t covered the stock of Alloy Steel International Inc (OTCMKTS:AYSI) for quite some time now and there is a particular reason for that. The ticker is highly illiquid and the press releases coming from company HQ are very rare and straight to the point.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After some initial action in the beginning of 2014 we saw [[tagnumber 6]]AYSI [[tagnumber 7]]begin to climb and by the middle of the year it was reaching for $1.80 per share. Back then the company stock recorded some pretty decent volumes, but things quickly began to quiet down. This year we saw the ticker record many sessions in which not a single share of the company stock was traded and it seemed like [[tagnumber 6]]AYSI [[tagnumber 7]]is dead.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]More recently, however, [[tagnumber 6]]AYSI [[tagnumber 7]]revealed the financial results for the quarter ended March 31, 2015. Here is what some of the numbers of prime interest contained in the balance sheet looked like.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 19]] [[tagnumber 20]]cash: $11.71 million[[tagnumber 21]] [[tagnumber 20]]current assets: $21.86 million[[tagnumber 21]] [[tagnumber 20]]current liabilities: $4.73 million[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $8.97 million[[tagnumber 21]] [[tagnumber 20]]net income: $2.77 million[[tagnumber 21]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are actually some pretty impressive numbers for an OTC markets listed company, especially the fact that [[tagnumber 6]]AYSI [[tagnumber 7]]has managed to operate at a profit. This is something we very rarely see in the over–the–counter marketplace.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The results did manage to spark investor interest in [[tagnumber 6]]AYSI [[tagnumber 7]]and we saw the ticker climb some 33.04% in Friday‘s session. The volume was more than 60 times the 30–day average and we saw a total of 134 thousand shares change their owners as [[tagnumber 6]]AYSI [[tagnumber 7]]was going for a close at $1.49, generating $199 thousand in trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company‘s market cap is definitely small compared to other OTC entities that have far less to show. Will the positive attitude towards [[tagnumber 6]]AYSI [[tagnumber 7]]carry on it this week as well is for time to tell. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]