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China New Borun Corp (NASDAQ:BORN) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

The analysts wrote, “China New Borun (BORN) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

Shares of China New Borun Corp (NASDAQ:BORN) traded down 11.01% during mid-day trading on Monday, hitting $2.83. The stock had a trading volume of 798,874 shares. China New Borun Corp has a 52-week low of $1.11 and a 52-week high of $4.40. The stock has a 50-day moving average of $2.74 and a 200-day moving average of $2.54. The company has a market cap of $72.8 million and a price-to-earnings ratio of 4.81.

China New Borun Corp (NASDAQ:BORN) last released its earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $107.90 million for the quarter.

China New Borun Corporation (NASDAQ:BORN) is a producer and distributor of corn-based edible alcohol in the People’s Republic of China based on tons of edible alcohol produced.

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