Shengkai Innovations Inc. (VALV): Today's Featured Wholesale Loser
The wholesale industry closed the day up 3.4%. SMF Energy Corporation (FUEL), Bluelinx Holdings Inc (BXC), Grupo Casa Saba S.A.B. de C.V (SAB), and Rada Electronics Industries Inc (RADA) were all decliners today within the wholesale industry with Shengkai Innovations Inc (VALV) being today's featured wholesale loser. Shengkai Innovations Inc fell 2 cents (-2.4%) to 83 cents on average volume. Throughout the day, 315,680 shares of Shengkai Innovations Inc exchanged hands as compared to its average daily volume of 366,500 shares. Shengkai Innovations, Inc., through its subsidiaries, engages in designing, manufacturing, and distributing ceramic valves and components for industrial use in the People's Republic of China. Shengkai Innovations Inc has a market cap of $29.1 million and is part of the services sector. The company has a P/E ratio of 0.3, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 85.2% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Shengkai Innovations as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
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