Home / Consumer Goods / Midday Laggard: Synutra International Inc. (SYUT) a Drain on Consumer Goods Sector, Sheds 5.31% on September 23

Midday Laggard: Synutra International Inc. (SYUT) a Drain on Consumer Goods Sector, Sheds 5.31% on September 23

Synutra International Inc. (SYUT) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the consumer goods sector halfway through the trading day. At the lunch break, shares of SYUT have fallen 5.31% to $3.92 after closing the day prior at $4.14. So far, the stock has traded as high as $4.1 and as low as $3.82. Today’s decline has come with about 22,285 shares changing hands, compared to an average 30-day volume of 60,112 for Synutra International Inc.. The price is currently below the 30-day volume weighted average price of $3.93 for SYUT.

The share depreciation gives the company a market capitalization of $234.7 million based upon 56.69 million shares outstanding. It also means that SYUT has a price-to-book ratio of 1.81:1.

In the past 52 weeks, shares of SYUT have traded as low as $3.245 and as high as $6.7199. Technical traders will take note that at $3.92, shares of SYUT are trading below their 200-day MA at $4.42 and above their 50-day MA at $3.76. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is SYUT?

Synutra International Inc is engaged in production, distribution & sales of dairy based nutritional products under Shengyuan or Synutra line of brands in China. Its other nutritional product includes prepared foods, nutritional ingredients & supplements. The company’s 2600 employees are led by CEO Liang Zhang from the corporate headquarters at 2275 Research Boulevard in Rockville, MD.

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