Rino International Crushed On Thursday; Falls 15%

Shares of Rino International RINO have been punished on Thursday, falling almost 17% to $10.96. Volume has been heavy in the name with around 5 million RINO shares already changing hands compared to a daily average of just under 1 million. Year-to-date, the stock is down a whopping 60%. RINO International Corporation is engaged in the business of designing, manufacturing, installing and servicing wastewater treatment and flue gas desulphurization equipment for use in China's iron and steel industry, and anti-oxidation products and equipment designed for use in the manufacture of hot rolled steel plate products.