China Agritech Stock Hits New 52-Week Low (CAGC)

NEW YORK ( TheStreet) -- China Agritech (Nasdaq: CAGC) hit a new 52-week low Thursday as it traded at $7.15 compared with its previous 52-Week low of $7.23. China Agritech is changing hands at $7.27 with 234,899 shares traded as of 11:11 a.m. ET. Average volume has been 452,800 shares over the past 30 days.

China Agritech has a market cap of $165.9 million and is part of the basic materials sector and chemicals industry. Shares are down 36.2% year to date as of the close of trading on Wednesday.

China Agritech, Inc., through its subsidiaries, manufactures and sells organic liquid compound fertilizers, organic granular compound fertilizers, and related agricultural products in the People's Republic of China. The company has a P/E ratio of 49.9, above the average chemicals industry P/E ratio of 30.2 and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates China Agritech as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full China Agritech Ratings Report.

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