Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Chiquita Brands International as such a stock due to the following factors:
- CQB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.6 million.
- CQB traded 5.4 million shares today in the pre-market hours as of 9:04 AM, representing 525.6% of its average daily volume.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in CQB with the Ticky from Trade-Ideas. See the FREE profile for CQB NOW at Trade-Ideas
More details on CQB:
Chiquita Brands International, Inc., together with its subsidiaries, markets and distributes bananas and pineapples, packaged salads, and other fresh produce primarily in the United States, Central America, Europe, and the Middle East. Currently there is 1 analyst that rates Chiquita Brands International a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Chiquita Brands International has been 707,600 shares per day over the past 30 days. Chiquita Brands International has a market cap of $598.3 million and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 1.77 and a short float of 6.4% with 1.52 days to cover. Shares are up 17.6% year-to-date as of the close of trading on Thursday.
rates Chiquita Brands International as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins.
Highlights from the ratings report include:
- CQB's revenue growth has slightly outpaced the industry average of 0.5%. Since the same quarter one year prior, revenues slightly increased by 1.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- 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 Food Products industry. The net income has significantly decreased by 42.6% when compared to the same quarter one year ago, falling from $31.10 million to $17.84 million.
- Currently the debt-to-equity ratio of 1.69 is quite high overall and when compared to the industry average, suggesting that the current management of debt levels should be re-evaluated. Along with the unfavorable debt-to-equity ratio, CQB maintains a poor quick ratio of 0.91, which illustrates the inability to avoid short-term cash problems.
- You can view the full Chiquita Brands International Ratings Report.