(Comment on this article at http://www.financialwire.net/2010/03/12/equitynet-research-amex-spu/)
March 12, 2010 (FinancialWire) (Investrend Research Syndicate) -- Sky People Fruit Juice, Inc. (AMEX: SPU) (Approx. Market Cap: US$ 116.9 Million) stock closed at $6.51 yesterday on volume of 396,900 shares, compared to its $4.00 close on volume of 91,400 shares on December 29, 2009 (50 trading sessions ago). SPU stock’s 50-day average adjusted closing price is $5.85. In terms of liquidity, SPU’s 50-day average daily trading volume is 205,124 shares, with days ranging from 25,300 shares traded to 1,236,400 shares traded during that 50-day period.
Yahoo! Finance notes SPU’s 1-year stock price target estimate at $12.00. In the last 50 sessions, SPU stock has traded as high as $8.10 (intra-day) and as low as $3.85 (intra-day). Business Week notes SPU stock’s 52-week high as $15.00 on April 3, 2009, and its 52-week low as $2.50 on October 29, 2009.
EquityNet Research analyst Randy D. Lewis, CFA, MBA, initiated independent research coverage on SkyPeople Fruit Juice, Inc. on February 1, 2010. The entire 9-page report (available via http://www.investrend.com/reports) contains important disclosure and analyst information, as well as a stock price target and analyst’s rating.
Other recently-issued reports from EquityNet Research include Huifeng Bio-Pharmaceutical Technology, Inc. (OTCBB: HFGB) and Biostar Pharmaceuticals, Inc. (OTCBB: BSPM). Those reports are also accessible through the Investrend Research Syndicate (via http://www.investrend.com/reports).
SkyPeople Fruit Juice, Inc. through its subsidiary, Shaanxi Tianren Organic Food Co., Ltd., engages in the production and sale of special concentrated fruit juices, fast-frozen and freeze-dried fruits and vegetables, and fruit juice drink in the People’s Republic of China. The company primarily exports its products to the United States, Europe, the Russian Federation, and the Middle East.
(Source for company description: SkyPeople Fruit Juice, Inc.)
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