The original version of this article erroneously stated that Fuqi International stock gapped down at Wednesday's open.

NEW YORK (

TheStreet

) -- Shares of

Fuqi International

(Nasdaq:

FUQI

) were rallying Wednesday morning with 15 cent gain -- a 3.61% increase over Tuesday's closing price.

The average volume for Fuqi International has been 633,200 shares per day over the past 30 days. Fuqi International has a market cap of $76 million and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 53% year to date as of the close of trading on Tuesday.

Fuqi International, Inc., through its subsidiaries, engages in designing, developing, promoting, and selling precious metal jewelry in the People's Republic of China. The company has a P/E ratio of 1.3, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 16.3.

TheStreet Recommends

TheStreet Ratings rates Fuqi International as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full

Fuqi International Ratings Report

.

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