Update (5 p.m.): Updated with Monday market close information.
NEW YORK (TheStreet) -- Nu Skin Enterprises (NUS) rose 18.21% to $88.66, up $13.66 from its previous close of $75, on Monday after Chinese regulators issued a smaller-than-expected fine to the personal care product and dietary supplement company.
Nu Skin received a $540,000 fine for illegal product sales and misleading local customers, according to Reuters. China's State Administration for Industry & Commerce (SAIC) said in a statement on its website that the company sold items outside the allowed range and exaggerated the possible results of using some of its products. The SAIC also noted some Nu Skin employees made unsanctioned sales and misled consumers.
Six individual employees will also face fines totaling $241,000.
The stock hit a high of $97.49 and a low of $86.26 for the day; it holds a one-year high of $140.50 and a one-year low of $42.03. More than 10.65 million shares changed hands on Monday, well above the average volume of 2,815,130.
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TheStreet Ratings team rates NU SKIN ENTERPRISES as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate NU SKIN ENTERPRISES (NUS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."