The food & beverage industry closed the day down 3.9%. Reddy Ice Holdings Inc ( FRZ), Agria Corporation ( GRO), Feihe International Inc ( ADY), and Central European Distribution ( CEDC) 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 12 cents (-23.1%) to 40 cents on average volume. Throughout the day, 1.3 million 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 $41.6 million and is part of the consumer goods sector. Shares are down 82.3% year to date as of the close of trading on Friday. 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.