HQ Sustainable Maritime Industries, Inc.

The Zacks Rank Buys featured in this article are: HQ Sustainable Maritime Industries, Inc (HQS - Snapshot Report), Odyssey HealthCare, Inc. (ODSY - Analyst Report), Universal Health Services, Inc. (UHS - Analyst Report), ITT Educational Services, Inc. (ESI - Analyst Report), and Marten Transport Ltd. (MRTN - Snapshot Report).

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HQ Sustainable Maritime Industries, Inc (HQS - Snapshot Report) reported its fourth-quarter and full-year results on Mar 12 that included more than double last year's net income.

Company Description

HQ Sustainable Maritime is an integrated aquaculture and aquatic product processing company, with operations based in the environmentally pristine island province of Hainan, in China's South Sea. HQ's activities include using renewable ocean resources, practicing cooperative sustainable aquaculture, and conducting fish processing and sales.

Excellent Year

Sales for all of 2008 were up 23% to $67.7 million. More than two thirds of the increase was due to an increase in sales for the "aquaculture product" segment. Gross profit was up 11% to $28.2 million.

Net income for the year came in at $0.79, up from $0.54 in 2007, despite an increase in shares outstanding. HQ earned $10.0 million up from $4.5 million in 2007.

Double-Digit Growth

Current estimates for full-year 2009 are now averaging $1.02, which would be a 30% growth. The consensus for 2010 is $1.42, which is another 38% growth.

The Chart

After the previously mentioned earnings report shares of HQS surged through resistnace near $6.50. The momentum continued as the stock went on to set a nice level of support near $9 per share. Take a look at the chart below.

Read the December 5th Feature Here

Last Week's Aggressive Growth Zacks Rank Buy Stocks

Odyssey HealthCare, Inc. (ODSY - Analyst Report) posted an excellent quarter and estimates could be starting a long trend upwards.

Universal Health Services, Inc. (UHS - Analyst Report) shares have been skyrocketing since the latest earnings release. Read Full Article.

ITT Educational Services, Inc. (ESI - Analyst Report) beat analysts estimates once again as student enrollment continues to surge. Read Full Article.

Marten Transport Ltd. (MRTN - Snapshot Report) is an honest company with great growth potential and estimates are on the rise. Read Full Article.