NEW YORK ( TheStreet) -- Shares of China Marine Food Group (AMEX: CMFO) have taken a tremendous swing upward. The stock is trading at $3.02 as of 9:31 a.m. ET, 24.8% above Tuesday's closing price of $2.42. Volume is at 6,626, zero times the daily average of 138,100.

China Marine Food Group has a market cap of $76.9 million and is part of the consumer goods sector and food & beverage industry. Shares are down 55.2% year to date as of the close of trading on Tuesday.

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 3.4, above the average food & beverage industry P/E ratio of 3.2 and below the S&P 500 P/E ratio of 17.7.

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 notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full China Marine Food Group Ratings Report.

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