China New Borun (BORN) Sets New 1-Year Low at $0.90

China New Borun Corp (NYSE:BORN)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $0.90 and last traded at $0.90, with a volume of 29604 shares trading hands. The stock had previously closed at $0.93.

The firm has a market cap of $24.01 million, a P/E ratio of 0.90 and a beta of 1.16.

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China New Borun Company Profile (NYSE:BORN)

China New Borun Corporation produces and distributes corn-based edible alcohol in the People's Republic of China. It operates in two segments, Corn-Base Edible Alcohol and its By-Products, and Chemical Products. The company offers edible alcohol products for use as an ingredient to producers of baijiu, a grain-based alcoholic beverage; and by-products of edible alcohol, such as distillers dried grains with solubles feed, liquid carbon dioxide, and crude corn oil.

See Also: What is an Initial Public Offering (IPO)?

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