Skystar Bio-Pharmaceutical Company Stock Upgraded (SKBI)
- Compared to its closing price of one year ago, SKBI's share price has jumped by 39.63%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- SKBI's debt-to-equity ratio is very low at 0.08 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.86 is somewhat weak and could be cause for future problems.
- SKYSTAR BIO-PHARMACEUTICAL has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, SKYSTAR BIO-PHARMACEUTICAL reported lower earnings of $0.83 versus $1.90 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Pharmaceuticals industry. The net income has significantly decreased by 62.6% when compared to the same quarter one year ago, falling from $1.91 million to $0.71 million.
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