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Chiquita Brands International Stock Gaps Down On Today's Open (CQB)

NEW YORK ( TheStreet) -- Shares of Chiquita Brands International (NYSE: CQB) were gapping down Wednesday morning with an open price 29.6% lower than Tuesday's closing price. The stock closed at $8.02 Tuesday and opened today's trading at $5.65.

The average volume for Chiquita Brands International has been 363,800 shares per day over the past 30 days. Chiquita Brands International has a market cap of $371.6 million and is part of the consumer goods sector and food & beverage industry. Shares are down 3.8% year to date as of the close of trading on Tuesday.

Chiquita Brands International, Inc., together with its subsidiaries, markets and distributes bananas and fresh produce under the Chiquita and other brand names worldwide. It operates through three segments: Bananas, Salads and Healthy Snacks, and Other Produce. The company has a P/E ratio of 6.6, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chiquita Brands International as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. You can view the full Chiquita Brands International Ratings Report.

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