Consumer Goods Losers: Kandi Technologies Group (NASDAQ:KNDI), Origin Agritech (NASDAQ:SEED), China New Borun (NYSE:BORN), Zep, Inc. (NYSE:ZEP)
Kandi Technologies Group Inc. (NASDAQ:KNDI) Dilution Puts Value at $15. KNDI just raised $11m dollars for working capital, the tiny raise included a bonus issue of 18 month warrants, the $11m does not include the fees on doing the raise. Kandi Technologies Group Inc. (NASDAQ:KNDI) shares after opening at $17.73 moved to $17.95 on last trade day and at the end of the day closed at $16.22. Company price to sales ratio in past twelve months was calculated as 8.54 and price to cash ratio as 48.42. Kandi Technologies Group Inc. (NASDAQ:KNDI) showed a negative weekly performance of -14.81%.
Shares of Chinese agricultural biotech group Origin Agritech Ltd. (NASDAQ:SEED) rocketed 40% to $3.49 on Wednesday. According to The Wall Street Journal, investment firm Monness Crespi Hardt said that Origin is close to becoming the first seed developer to have a genetically modified seed product approved for the Chinese market. Origin Agritech Ltd. (NASDAQ:SEED) shares fell -7.61% in last trading session and ended the day on $2.12. SEED return on equity ratio is recorded as 3.40% and its return on assets is 0.60%. Origin Agritech Ltd. (NASDAQ:SEED) yearly performance is 20.74%.
China New Borun Corp (NYSE:BORN) continues its forward momentum, by posting double digit gains in the past one month. China New Borun Corp (NYSE:BORN) shares moved down -6.46% in last trading session and was closed at $3.04, while trading in range of $3.01 – $3.28. China New Borun Corp (NYSE:BORN) year to date (YTD) performance is 21.60%.
Zep Inc. (NYSE:ZEP), a leading consumable chemical packaged goods company that manufactures a wide variety of high-performance maintenance and cleaning chemicals announced that it will release its second quarter fiscal 2014 financial results at 4:00 p.m. ET on Monday, April 7, 2014 and will hold a conference call to discuss the results at 4:15 p.m. ET the same day. Zep, Inc. (NYSE:ZEP) weekly performance is -2.88%. On last trading day company shares ended up $17.20. Zep, Inc. (NYSE:ZEP) distance from 50-day simple moving average (SMA50) is 0.40%. Analysts mean target price for the company is $20.00.