Zhongpin Stock Falls On Unusually High Volume (HOGS)

NEW YORK ( TheStreet) -- Zhongpin (Nasdaq: HOGS) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.54 (-14.6%) at $8.98 as of 10:45 a.m. ET.

Zhongpin has a market cap of $440.1 million and is part of the consumer goods sector and food & beverage industry. Shares are up 23.5% year to date as of the close of trading on Tuesday.

Zhongpin Inc. engages in the processing and distribution of meat and food products primarily in the People's Republic of China. The company has a P/E ratio of 5.3, below the average food & beverage industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Zhongpin as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Zhongpin Ratings Report.

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