China Agritech Stock Soars (CAGC)

NEW YORK ( TheStreet) -- Shares of China Agritech (Nasdaq: CAGC) have taken a tremendous swing upward. The stock is trading at $1.98 as of 10:52 a.m. ET, 22.2% above Wednesday's closing price of $1.62. Volume is at 8,038, 0.1 times the daily average of 72,700.

China Agritech has a market cap of $142.9 million and is part of the basic materials sector and chemicals industry. Shares are down 69% 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.

TheStreet Ratings rates China Agritech as a 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.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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