The food & beverage industry closed the day up 0.7%. China New Borun Corporation ( BORN), Tianli Agritech Inc ( OINK), Origin Agritech ( SEED), and Green Mountain Coffee Roasters Inc ( GMCR) were all decliners today within the food & beverage industry with AgFeed Industries Inc ( FEED) being today's featured food & beverage loser. AgFeed Industries Inc fell 4 cents (-5.8%) to 65 cents on light volume. Throughout the day, 938,554 shares of AgFeed Industries Inc exchanged hands as compared to its average daily volume of 1.4 million shares. AgFeed Industries, Inc., through its subsidiaries, engages in animal nutrition and commercial hog producing businesses in the People's Republic of China. AgFeed Industries Inc has a market cap of $46 million and is part of the consumer goods sector. Shares are down 76.5% year to date as of the close of trading on Wednesday. TheStreet Ratings rates AgFeed as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.
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.