China New Borun Corp (BORN) Announces Quarterly Earnings Results
China New Borun Corp (NASDAQ:BORN) posted its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, Analyst Ratings Network reports. The company had revenue of $108.70 million for the quarter.
Shares of China New Borun Corp (NASDAQ:BORN) traded down 3.11% on Thursday, hitting $2.80. 421,443 shares of the company’s stock traded hands. China New Borun Corp has a one year low of $1.18 and a one year high of $4.40. The stock’s 50-day moving average is $2.78 and its 200-day moving average is $2.76. The company has a market cap of $72.0 million and a price-to-earnings ratio of 4.31.
On a related note, analysts at TheStreet upgraded shares of China New Borun Corp from a “hold” rating to a “buy” rating in a research note on Monday, May 26th.
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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