Summer Energy Holdings Inc(OTCMKTS:SUME) Trades Flat


Dallas, Texas 02/26/2014 (FINANCIALSTRENDS) – Summer Energy Holdings Inc(OTCMKTS:SUME) is the Houston, Texas based player in the niche energy holding industry.

The company which was earlier called as the Castwell Precast Corporation became the new entity following the Summer Energy LLC, is today a fine provider of retail electric services. Summer Energy Holdings Inc(OTCMKTS:SUME) currently sells wholesale energy as well as commercial energy for residential as well as commercial use. Previously, the energy services provider has affected a reverse acquisition transaction. This has resulted in former member who earlier held 92.3% interest today now support this line of business for the company. The company also holds licenses- Retail Electricity Provider for the State of Texas. The company has also expanded its portfolio and today has over 2,500 customers.

The company, Summer Energy Holdings Inc(OTCMKTS:SUME) holds market cap of $34.21 and has outstanding shares to the tune of 13.96. The company boasts of P/E at 19.77 for the industry, while the sector based P/E is 19.20. The EPS is -0.19. the ROI is -165.54 for the company, where the industry ROI is 1.64. Again the sector ROI is 3.30. The ROE is 165.58 while the industry ROE is 2.29. The sector Roe is 5.27.

Summer Energy Holdings Inc(OTCMKTS:SUME) has reported volume of 1,000 whereas the average volume for the same is 161. The day’s high for Summer Energy Holdings Inc(OTCMKTS:SUME) has been at $2.45. It also saw a low of $2.45 during the previous trading session. Meanwhile, the previous close for the company has been $2.50, while the opening price for the same was $2.45. The price change has been in the region of -0.05. The overall drop or change per cent has been in the region of 2%. The overall percentage growth for the company is expected to be in the range of $2.45 USD.