BioHiTech stock rockets after expanded relationship with Carnival, and new purchase orders

Huntington Ingalls Industries Inc

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Industrials : Aerospace & Defense | Mid Cap Value

Company profile

Huntington Ingalls Industries, Inc. is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company's business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy. It operates through three segments: Ingalls Shipbuilding (Ingalls), Newport News Shipbuilding (Newport News) and Technical Solutions. Its Ingalls segment includes its non-nuclear ship design, construction, repair and maintenance businesses. Its Newport News includes all of its nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. Its Technical Solutions segment provides a range of professional services to the governmental and energy markets.

BioHiTech stock rockets after expanded relationship with Carnival, and new purchase orders

8:33 am ET March 18, 2021 (MarketWatch) Print

Shares of BioHiTech Global Inc. (BHTG) rocketed 41.5% to pace all premarket gainers in active trading Thursday, after the waste management company said it has expanded its relationship with cruise operator Carnival Corp. (CCL), including the coverage of fifteen additional cruise ships. Trading volume swelled to 7.9 million shares, compared with the full-day average of about 2.3 million shares over the past 30 days. Carnival's stock rose 2.1% ahead of the open. BioHiTech said it recently received purchase orders for more than $1.8 million worth of food digesters, which the company expects to fulfill during the second and third quarters of 2021. The company had recorded a total of $2.0 million in revenue over the second and third quarters of 2020. BioHiTech's stock has run up 55.4% over the past three months through Wednesday, while the S&P 500 has gained 7.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 18, 2021 08:33 ET (12:33 GMT)