NEW YORK ( TheStreet) -- Shares of China Marine Food Group (AMEX: CMFO) have taken a tremendous swing upward. The stock is trading at $1.72 as of 3:55 p.m. ET, 20.3% above Monday's closing price of $1.43. Volume is at 226,852, 3.3 times the daily average of 68,200. China Marine Food Group has a market cap of $43.7 million and is part of the consumer goods sector and food & beverage industry. Shares are down 72.8% year to date as of the close of trading on Monday. China Marine Food Group Limited, through its subsidiaries, engages in processing, distributing, and selling processed seafood-based snack foods in the People's Republic of China. The company has a P/E ratio of 2.5, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China Marine Food Group as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and disappointing return on equity. You can view the full China Marine Food Group Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
Shares of China Marine Food Group (AMEX:CMFO) have taken a tremendous swing upward. The stock is trading at $3.02 as of 9:31 a.m. ET, 24.8% above Tuesday's closing price of $2.42. Volume is at 6,626, zero times the daily average of 138,100.