AgFeed Industries, Inc. (FEED) news stock charts
AgFeed Industries, Inc. (FEED) Investment Summary:
AgFeed Industries, Inc., through its subsidiaries, engages in the research and development, manufacture, marketing, and sale of fodder and blended feed for use in the domestic animal husbandry markets in the People’s Republic of China. The company also involves in raising, breeding, and selling hogs for use in China’s pork production and hog breeding markets. Its products primarily include additive premix fodder for use in all stages of a pig’s life, and blended feeds for the infant stage of a pig’s life. In addition, AgFeed produces three brands of premixed chicken feed. It offers its products primarily to distributors and large scale pig farms. The company was incorporated in 1995 and is h...AGFEED INDUSTRIES INC (FEED:NASDAQ)
Snapshot of AGFEED INDUSTRIES INC (FEED)
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OPEN
$4.52
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PREVIOUS CLOSE
$4.49
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DAY HIGH
$4.52
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DAY LOW
$4.30
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52 WEEK HIGH
06/10/09 - $7.96
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52 WEEK LOW
03/20/09 - $2.00
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MARKET CAP
197.1M
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AVERAGE VOLUME 10 D
2.7M
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EPS TTM
$0.25
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SHARES OUTSTANDING
44.9M
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FEED Does Not Pay Dividends
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P/E TTM
17.6x
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| K = Thousands M = Millions B = Billions | ||
Key developments for AGFEED INDUSTRIES INC (FEED)
AgFeed Industries, Inc. continues to seek acquisitions. Mr. Junhong Xiong, AgFeed's President, stated, Our growth strategy is to expand our distribution channels, supported by ongoing direct marketing, while continuing to supply AgFeed's expanding base of company owned pig farms. During the coming 12-18 months we will open two new feed mills while also evaluating selective acquisitions of feed operations that fit our distribution foot print and operating model. We expect our distribution system to double in size in the coming years while we also increase our product range placing greater emphasis on concentrate and complete feed. We are a value added partner to our customers offering, not only our range of 'green' products, but other value added services such as educational support in connection with breeding techniques, disease prevention and modern farm management systems and procedures.
AgFeed Industries, Inc. announced earnings results for the year 2009. For the period, the company reported that both of its operating units: hog production and animal nutrition contributed to record revenue of $173.2 million, an increase of over 20% from 2008. Production levels also achieved records; produced 680,000 hogs and 117,000 tons of feed, which resulted in operating earnings of $0.31 per share.
AgFeed Industries, Inc. announced on February 9, 2010 the proposed sale of no more than 20% of its animal nutrients feed subsidiary via a listing and initial public offering (IPO) of the subsidiary's common stock. The IPO is projected to raise $20 million - $25 million and will be effective through the filing of a registration statement with the SEC that the SEC must declare effective before any common stock sales may occur. AgFeed's President, Mr. Junhong Xiong, said, Hog feed comprises 35%, or $20 billion of the $58 billion animal feed market in China. Most producers have an annual production capacity of approximately 10,000 tons. Our animal nutrition unit sold over 95,000 tons of feed in 2009 and we feel that the IPO is a great opportunity to position our animal nutrition business to pursue opportunities for organic growth and growth through acquisitions.
AgFeed Industries, Inc. financial resources
FEED Competitors
| Company | Last | Change | |
| No competitor information is available for FEED. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | FEED | Industry Range |
| Price/Earnings | 15.4x |
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| Price/Sales | 1.1x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 17.9x |
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| TEV/Sales | 0.9x |
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FEED |
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FEED transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About AgFeed Industries, Inc.
AgFeed Industries, Inc. Announces Participation in China Investment Conference
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UPDATE - AgFeed FY revenue jumps, shares rise
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AGFEED INDUSTRIES, INC Files SEC form 8-K, Regulation FD Disclosure
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EDAP, AgFeed: Midday Volume Plays
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AGFEED INDUSTRIES, INC Files SEC form 8-K, Regulation FD Disclosure
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AgFeed Industries, Inc. Announces Participation in China Investment Conference
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Agricultural Stock Alert for AgFeed Industries Inc. Issued by StockPreacher
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Agricultural Stock Alert for AgFeed Industries Inc. Issued by StockPreacher
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Agricultural Stock Alert for AgFeed Industries Inc. Issued by StockPreacher
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AgFeed Industries, Inc. Announces Arrangement to Sell a Portion of Its Feed Business to the Public Through an IPO
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AGFEED INDUSTRIES, INC Files SEC form 8-K, Regulation FD Disclosure
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InPlay: AgFeed Industries announces arrangement to sell a portion of its feed business to the public through an IPO
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AgFeed Industries, Inc. Announces Arrangement to Sell a Portion of Its Feed Business to the Public Through an IPO
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AgFeed Industries Identifies Key Managers for Business Units
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AgFeed Industries Identifies Key Managers for Business Units
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AgFeed Industries Announces Commencement of Strategic Internal Reorganization
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AgFeed Industries Announces Commencement of Strategic Internal Reorganization
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AGFEED INDUSTRIES, INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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