NEW YORK ( TheStreet) -- Shares of American Lorain (AMEX: ALN) have taken a tremendous swing upward. The stock is trading at $1.57 as of 11:22 a.m. ET, 23.6% above Tuesday's closing price of $1.27. Volume is at 17,627, 0.4 times the daily average of 40,900.

American Lorain has a market cap of $52.4 million and is part of the consumer goods sector and food & beverage industry. Shares are down 41.8% year to date as of the close of trading on Tuesday.

American Lorain Corporation develops, manufactures, and sells various food products in China and internationally. The company has a P/E ratio of 2.8, above the average food & beverage industry P/E ratio of 2.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Lorain as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full American Lorain Ratings Report.

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