NEW YORK (TheStreet) -- Shares of SkyPeople Fruit Juice (SPU) were soaring 35.34% to $11.26 on heavy trading volume late Wednesday morning after GeoInvesting said that its report that weighed on the stock yesterday was not meant to be negative.
The firm pointed to a transaction between one of the Chinese company's subsidiaries, Shaanxi Guoweiduomei, that values the subsidiary at $100 million, or $25 per SkyPeople share, according to TheFly.
The deal could be a positive catalyst for SkyPeople stock, GeoInvesting noted.
About 7.05 million shares of SkyPeople have been traded so far today, well above its average trading volume of roughly 1.27 million shares per day.
The company sells a range of fruit products, including fruit juice concentrates, fruit juice drinks and fruit-related products.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
SkyPeople Fruit Juice's weaknesses include its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: SPU
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.