Zacks Investment Research Lowers Tingyi (Cayman Islands) (TCYMF) to Sell

Tingyi (Cayman Islands) (OTCMKTS:TCYMF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, reports.

According to Zacks, “Tingyi (Cayman Islands) Holdings Corp. operates as the manufacturer and retailer of instant noodles, beverages and baked goods in the Peoples’ Republic of China. The Company markets its products majorly under the brand name Master Kong. Its instant noodle products include Noodles with Braised Beef, Noodles with Spicy Beef, Noodles with Stewed Mushroom and Chicken and Noodles with Fresh Shrimp and Fish. Tingyi offers RTD tea, bottled water and fruit juice as its major products under its beverage business. Tingyi (Cayman Islands) Holdings Corp. is headquartered in Tianjin, Peoples’ Republic of China. “

Shares of TCYMF stock opened at $1.63 on Thursday. Tingyi has a 12-month low of $1.25 and a 12-month high of $1.63. The stock has a market cap of $9.16 billion, a P/E ratio of 54.33, a PEG ratio of 0.86 and a beta of -0.22.

Tingyi (Cayman Islands) Company Profile

There is no company description available for Tingyi Cayman Islands Holding Corp.

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