Fuqi International Stock Drops in Early Trading
The original version of this article erroneously stated that Fuqi shares had gapped down 21.4% from Monday's closing price.NEW YORK ( TheStreet) -- Shares of Fuqi International (Nasdaq: FUQI) were facing pressure Tuesday morning, trading at $3.30 -- a 5.71% decline from Monday's close. The average volume for Fuqi International has been 633,200 shares per day over the past 30 days. Fuqi International has a market cap of $76 million and is part of the consumer goods sector and consumer durables industry. Shares are down 53% year to date as of the close of trading on Monday. Fuqi International, Inc., through its subsidiaries, engages in designing, developing, promoting, and selling precious metal jewelry in the People's Republic of China. The company has a P/E ratio of 1.3, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 16.3. TheStreet Ratings rates Fuqi International as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Fuqi International Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options
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