SkyPeople Fruit Juice Stock Soars (SPU)

NEW YORK ( TheStreet) -- Shares of SkyPeople Fruit Juice (Nasdaq: SPU) have taken a tremendous swing upward. The stock is trading at $1.90 as of 9:30 a.m. ET, 22.6% above Thursday's closing price of $1.55. Volume is at 130,728, two times the daily average of 63,900.

SkyPeople Fruit Juice has a market cap of $41.4 million and is part of the consumer goods sector and food & beverage industry. Shares are down 16.7% year to date as of the close of trading on Thursday.

SkyPeople Fruit Juice, Inc., through its subsidiaries, engages in the production and sale of fruit juice concentrates, fruit beverages, and other fruit related products in the People's Republic of China. The company has a P/E ratio of 3.1, 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 SkyPeople Fruit Juice 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 poor profit margins and a generally disappointing performance in the stock itself. You can view the full SkyPeople Fruit Juice Ratings Report.

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