China New Borun Corp (NYSE:BORN)
June 11th, 2019
Amidst falling markets China New Borun Corp fell ($0.04) Tuesday, down 9.47%, closing at $0.35. Sadly, in addition to dropping BORN ended up closing the day at a new 52 week low.As well as the drop in value, China New Borun Corp hit a new 52 week low of $0.35, breaking the previous low of $0.36 from earlier this month. China New Borun Corp bounced 20.00% between low and high. Despite the drop in value, trading volumes were solid at 860.00% of normal which can indicate investor opportunities. Be aware that the Piotroski Score1 is calculated to be 0, which is very low as the scale goes from 0-9. This is considered to be a weak score in terms of financial strength.
BORN was outperformed by the rest of the Consumer Staples sector which went up 0.41%.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Consumer Staples saw the biggest increase of the day (0.41%), while the Industrials sector saw the biggest drop (-0.90%). Information Technology has seen the biggest year-to-date gain of 23.75%.
Industrials and Utilities experienced turn-arounds from their five day positive performances with Industrials dropping -0.90%.
- Consumer Staples, up 0.41%.
- Consumer Discretionary, up 0.33%.
- Communication Services, up 0.29%.
- Real Estate, up 0.18%.
- Energy, up 0.12%.
- Information Technology, up 0.02%.
- Financials, stayed even 0.00%.
- Materials, down -0.07%.
- Healthcare, down -0.25%.
- Utilities, down -0.69%.
- Industrials, down -0.90%.
China New Borun Corp Info
China New Borun Corporation produces and distributes corn-based edible alcohol in the People’s Republic of China. It operates in two segments, Corn-Base Edible Alcohol and its By-Products, and Chemical Products. The company offers edible alcohol products for use as an ingredient to producers of baijiu, a grain-based alcoholic beverage; and by-products of edible alcohol, such as distillers dried grains with solubles feed, liquid carbon dioxide, and crude corn oil. It also produces chemical products, including chlorinated polyethylene and 2-Acrylamido-2-methylpropane sulfonic acid for use in various industries. The company was founded in 2000 and is headquartered in Shouguang, the People’s Republic of China. China New Borun Corporation is a subsidiary of King River Holding Limited.
All amounts in USD unless otherwise indicated
(1) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (China New Borun Corp’s score is 0), and 9 is the best.
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