Here's Why Happiness Biotech (HAPP) Investors Are Happy

(RTTNews) - Shares of Happiness Biotech Group Limited (HAPP) have gained over 13 percent ever since the Company's official entry into the disinfectant industry on Feb.25, 2020.

Happiness Biotech Group is an innovative China-based nutraceutical and dietary supplements producer focused on the research, development, manufacturing and marketing of a variety of products made from Chinese herbal extracts and other ingredients.

The Fujian Provincial Health Commission has given the Company permission to produce all types of disinfectants, including 75% Alcohol Disinfectant, 84 Disinfectant, and Hand Free Disinfectant, etc. (Fujian is a southeastern Chinese province).

The Company has taken upon itself to produce as much as possible disinfectant products and nutritional products during the epidemic period, and contribute to the prevention and control of the novel coronavirus COVID-19.

Sales for the six months ended September 30, 2019, were $31.36 million, relatively stable compared with $31.43 million in the prior-year period.

Happiness Biotech went public on the Nasdaq Global Select Market on October 25, 2019. The IPO lock-up period expires on April 22, 2020.

HAPP has thus far hit a low of $3.42 and a high of $6.10. In pre-market trading on Friday, the stock is up 8.14% at $5.58.