Maxim Group Downgrades This Chinese Food Company to Hold
Maxim Group downgraded its rating of Zhongpin (NASDAQ:HOGS) from Buy to Hold. No price target was given. The shares recently traded at $8.54, up $0.04, or 0.48%, on the day. The shares have traded in a 52-week range of $7.70 to $25 and its market capitalization is $345.85 million. About the company: Zhongpin, Inc. processes food. The Company produces and distributes fresh and frozen pork, processed meat products, and vegetables within, and outside, the Peoples Republic of China. Zhongpin distributes its products in China through supermarkets.
(Note: Stock ratings are sourced from Briefing.com via the Wall St. Journal. Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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