Zhongpin Stock Falls On Unusually High Volume (HOGS)

NEW YORK ( TheStreet) -- Zhongpin (Nasdaq: HOGS) is trading at unusually high volume Monday with 1.3 million shares changing hands. It is currently at 4.8 times its average daily volume and trading down 65 cents (-6.2%) at $9.88 as of 10:25 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 23.6% year to date as of the close of trading on Thursday.

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 6.3, above 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, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Zhongpin Ratings Report.

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