Zhongpin Stock Falls On Unusually High Volume (HOGS)
By TheStreet Wire - 04/09/12 - 11:50 AM EDT
Tickers in this article: HOGSNEW 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
Tickers in this article: HOGS
Latest news from section
See all news From StreetWire