NEW YORK (

TheStreet

) --

Zhongpin

(Nasdaq:

HOGS

) hit a new 52-week low Monday as it is currently trading at $8, below its previous 52-week low of $8.07 with 345,672 shares traded as of 11:52 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Zhongpin has a market cap of $345.8 million and is part of the

consumer goods

sector and

food & beverage

industry. Shares are down 58.9% year to date as of the close of trading on Friday.

Zhongpin Inc. engages in the processing and distribution of meat and food products primarily in the People's Republic of China. The company has a P/E ratio of 4.6, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Zhongpin as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full

Zhongpin Ratings Report

.

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