Diamond Foods Inc. (DMND): Today's Featured Food & Beverage Loser
(
) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage loser. The industry as a whole closed the day down 0.4%. By the end of trading, Diamond Foods Inc fell 76 cents (-2.7%) to $27.04 on average volume. Throughout the day, 1.8 million shares of Diamond Foods Inc exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $26.95-$28.75 after having opened the day at $28.05 as compared to the previous trading day's close of $27.80. Other company's within the Food & Beverage industry that declined today were:
Glg Life Tech
(
GLGL
), down 10.3%,
(
), down 8.6%,
Coca-Cola Hellenic Bottling Company S.A
(
), down 5.6%, and
(
), down 5.2%.
Diamond Foods, Inc. engages in processing, marketing, and distributing snack products. Diamond Foods Inc has a market cap of $769.6 million and is part of the
sector. The company has a P/E ratio of 12.5, below the average food & beverage industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 47.7% year to date as of the close of trading on Wednesday.
On the positive front,
(
), up 8.7%,
(
), up 7.4%,
(
), up 4.7%, and
(
), up 3.5%, were all gainers within the food & beverage industry with
(
) being today's featured food & beverage industry winner.
- Use our food & beverage section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
PowerShares Dynamic Food & Beverage
(
) while those bearish on the food & beverage industry could consider
PowerShares DB Agriculture Sht ETN
(
ADZ
).
- Find other investment ideas from our top rated ETFs lists.
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