Zhongpin Stock Hits New 52-Week Low (HOGS)
NEW YORK (
) --
(Nasdaq:
) 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
sector and
industry. Shares are down 58.9% year to date as of the close of trading on Friday.
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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
. 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
.
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