Yongye International Stock Gaps Up On Today's Open (YONG)
Shares of Yongye International (Nasdaq:YONG) were gapping up Wednesday morning with an open price 10.7% higher than Tuesday's closing price. The stock closed at $5.33 yesterday and opened today's trading at $5.90.
NEW YORK ( TheStreet) -- Shares of Yongye International (Nasdaq: YONG) were gapping up Wednesday morning with an open price 10.7% higher than Tuesday's closing price. The stock closed at $5.33 Tuesday and opened today's trading at $5.90. The average volume for Yongye International has been 354,000 shares per day over the past 30 days. Yongye International has a market cap of $246.9 million and is part of the basic materials sector and chemicals industry. Shares are down 40.5% year to date as of the close of trading on Tuesday. Yongye International, Inc., together with its subsidiaries, engages in the research, development, manufacture, and sale of fulvic acid based liquid and powder nutrient compounds for plants and animals, which are used in the agriculture industry in the People's Republic of China. The company has a P/E ratio of 3.7, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Yongye International 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 impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Yongye International Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
Yongye International said Wednesday the $340 million buyout by chairman and CEO Zishen Wum and the Asian private equity arm of Morgan Stanley did not get the required vote of nonaffiliated shareholders at an adjourned special meeting.