Chiquita Brands International Stock Hits New 52-Week Low (CQB)

NEW YORK ( TheStreet) -- Chiquita Brands International (NYSE: CQB) hit a new 52-week low Monday as it is currently trading at $8.10, below its previous 52-week low of $8.14 with 408,861 shares traded as of 1:49 p.m. ET. Average volume has been 729,100 shares over the past 30 days.

Chiquita Brands International has a market cap of $396.7 million and is part of the consumer goods sector and food & beverage industry. Shares are down 40.5% year to date as of the close of trading on Friday.

Chiquita Brands International, Inc., together with its subsidiaries, markets and distributes bananas and fresh produce under the Chiquita and other brand names worldwide. It operates through three segments: Bananas, Salads and Healthy Snacks, and Other Produce. The company has a P/E ratio of 5.5, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Chiquita Brands International as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and disappointing return on equity. You can view the full Chiquita Brands International Ratings Report.

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