3 Stocks Boosting The Food & Beverage Industry Higher
- This stock has managed to rise its share value by 34.93% over the past twelve months. 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.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Beverages industry. The net income increased by 248.3% when compared to the same quarter one year prior, rising from $1.37 million to $4.79 million.
- MGPI, with its decline in revenue, underperformed when compared the industry average of 2.9%. Since the same quarter one year prior, revenues slightly dropped by 8.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- Net operating cash flow has significantly decreased to -$0.64 million or 125.13% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Beverages industry and the overall market, MGP INGREDIENTS INC's return on equity significantly trails that of both the industry average and the S&P 500.
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