Fuqi International Stock Gaps Down On Today's Open (FUQI)

NEW YORK ( TheStreet) -- Shares of Fuqi International (Nasdaq: FUQI) were gapping down Friday morning with an open price 11.1% lower than Thursday's closing price. The stock closed at $3.60 Thursday and opened today's trading at $3.20.

The average volume for Fuqi International has been 633,200 shares per day over the past 30 days. Fuqi International has a market cap of $76 million and is part of the consumer goods sector and consumer durables industry. Shares are down 53% year to date as of the close of trading on Thursday.

Fuqi International, Inc., through its subsidiaries, engages in designing, developing, promoting, and selling precious metal jewelry in the People's Republic of China. The company has a P/E ratio of 1.3, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 16.3.

TheStreet Ratings rates Fuqi International as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full Fuqi International Ratings Report.

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