SkyPeople Fruit Juice Stock Soars (SPU)

NEW YORK ( TheStreet) -- Shares of SkyPeople Fruit Juice (Nasdaq: SPU) have taken a tremendous swing upward. The stock is trading at $3.24 as of 2:52 p.m. ET, 22.1% above Thursday's closing price of $2.65. Volume is at 578,663, 2.8 times the daily average of 204,500.

SkyPeople Fruit Juice has a market cap of $68.6 million and is part of the consumer goods sector and food & beverage industry. Shares are down 43% year to date as of the close of trading on Thursday.

SkyPeople Fruit Juice, Inc., through its subsidiaries, produces and sells fruit juice concentrates, fruit beverages, and other fruit related products primarily in the People's Republic of China. The company has a P/E ratio of 2.6, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SkyPeople Fruit Juice as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. 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 SkyPeople Fruit Juice Ratings Report.

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