3 Stocks Pushing The Consumer Goods Sector Lower
- Compared to its closing price of one year ago, LBIX's share price has jumped by 35.14%, exceeding the performance of the broader market during that same time frame. Although LBIX had significant growth over the past year, our hold rating indicates that we do not recommend additional investment in this stock at the current time.
- LBIX's debt-to-equity ratio is very low at 0.01 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.42, which illustrates the ability to avoid short-term cash problems.
- 39.63% is the gross profit margin for LEADING BRANDS INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -1.75% is in-line with the industry average.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Beverages industry and the overall market, LEADING BRANDS INC's return on equity is below that of both the industry average and the S&P 500.
- 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 Beverages industry. The net income has significantly decreased by 48.6% when compared to the same quarter one year ago, falling from -$0.04 million to -$0.06 million.
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