AgFeed Stock Falls On Unusually High Volume (FEED)
AgFeed Industries (Nasdaq:FEED) is trading at unusually high volume Tuesday with six million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 59 cents (-29.6%).
NEW YORK ( TheStreet) -- AgFeed Industries (Nasdaq: FEED) is trading at unusually high volume Tuesday with six million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 59 cents (-29.6%) at $1.40 as of 12:36 p.m. ET. AgFeed has a market cap of $121.2 million and is part of the consumer goods sector and food & beverage industry. Shares are down 32.3% year to date as of the close of trading on Monday. AgFeed Industries, Inc., through its subsidiaries, engages in animal nutrition and commercial hog producing businesses in the People's Republic of China. TheStreet Ratings rates AgFeed as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full AgFeed Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
Shares of AgFeed Industries (Nasdaq:FEED) were gapping down Monday morning with an open price 23.1% lower than Friday's closing price. The stock closed at 52 cents yesterday and opened today's trading at 40 cents.