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1 Comment
Qingdao Richen Foods Co., Ltd is currently in a long term downtrend where the price is trading 10.2% below its 200 day moving average.
From a valuation standpoint, the stock is 259.3% more expensive than other stocks from the Consumer Defensive sector with a price to sales ratio of 24.4.
Based on the above factors, Qingdao Richen Foods Co., Ltd gets an overall score of 0/5.
| Sector | Consumer Defensive |
|---|---|
| Industry | Packaged Foods |
| ISIN | CNE100003PD1 |
| Exchange | SHG |
| CurrencyCode | CNY |
| Beta | 0.29 |
|---|---|
| Market Cap | 3B |
| PE Ratio | 39.06 |
| Target Price | 34.225 |
| Dividend Yield | None |
Qingdao Richen Food Co.,Ltd. engages in the research and development, production, and sale of compound seasoning and condiments for food processing and catering companies in China. The company offers sauces, liquid and powder seasonings, roast chicken seasoning, coating flour, and coating paste, as well as food additive products that include compound acidity regulator, compound moisture retaining agent, caramel color, etc., which are used in various processed food additions. It also offers fried rice seasoning and tempura breaded; black pepper sauce, BBQ sauce, colorful barbecue sauce, and steak sauce with wine flavor; beef bone, seafood, tonkotsu, chicken, tomato, and spicy ramen soup seasoning; twice cooked and braised pork seasoning; and spicy, collagen, and mushroom flavor hot pot partner, as well as prepared food. The company offers services to domestic food market, supermarkets, under the Flavor Story brand; and export food processing companies of livestock and poultry products, aquatic products, vegetable products, etc. Its products are used in various types of barbecue, fried food, and prepared food production. The company exports its products primarily to Asia, Europe, and the United States. Qingdao Richen Food Co.,Ltd. was founded in 2001 and is based in Qingdao, China. Qingdao Richen Food Co.,Ltd. operates as a subsidiary of Qingdao Boya Investment Holding Co., Ltd.
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