AgFeed Industries, Inc. (NASDAQ:FEED)
About AgFeed Industries, Inc. (NASDAQ:FEED) AgFeed Industries, Inc. (AgFeed) is engaged in the animal nutrition and commercial hog producing businesses in the People's Republic of China through its indirect operating subsidiaries. It operates in two segments: animal feed nutrition and hog production. The Companyâ€™s animal nutrition business consists of the research and development, manufacture, marketing and sale of additive premix (premix), concentrates and complete feed for use in the domestic animal husbandry markets, primarily for hog production in China. The Company operates five premix feed manufacturing facilities located in the cities of Nanchang, Shandong, Shanghai, Nanning and Hainan. It mainly produces hogs for slaughter and sells breeding stock. In September 2010, the Company acquired M2P2 LLC,a joint venture partner with AgFeedin AgFeedInternational Protein Technology Corp.
52 week range
$2.12 - $5.63
Financials AgFeed Industries, Inc. (NASDAQ:FEED) engendered total revenue of $53.61 million in current quarter’s ending as on September 30, 2010. Moreover, operating and net income have decreased. Lower net income in current quarter resulted decrease in EPSas compared to last quarter’s result. Cash flow from operations has also decreased to negative $4.48 million. It is 112.28 percent less than last quarter’s ending. DecreasedCFOshows that the company generated less cash than its expenses. Total assets of company mount up to $240.83 million as on September 30, 2010. Current ratio stands at 3.84 which shows that the company’s current assets are more than its current liabilities. Total liabilities and equity stand at $96.44million and $144.39million respectively.
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About AgFeed Industries, Inc. (NASDAQ:FEED) AgFeed Industries, Inc. (NASDAQ:FEED) Avg Volume 767,497.00 Shares Outstanding 51.35M Current Pr...