China Marine Food Group Stock Gaps Up On Today's Open (CMFO)

NEW YORK ( TheStreet) -- Shares of China Marine Food Group (AMEX: CMFO) were gapping up Friday morning with an open price 13.9% higher than Thursday's closing price. The stock closed at $3.88 Thursday and opened today's trading at $4.42.

The average volume for China Marine Food Group has been 226,300 shares per day over the past 30 days. China Marine Food Group has a market cap of $120.3 million and is part of the consumer goods sector and food & beverage industry. Shares are down 26.1% year to date as of the close of trading on Thursday.

China Marine Food Group Limited, through its subsidiaries, engages in processing, distributing, and selling processed seafood-based snack foods in the People's Republic of China. The company has a P/E ratio of 5.7, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 16.

TheStreet Ratings rates China Marine Food Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself. You can view the full China Marine Food Group Ratings Report.

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