China Fortune Land Development: A Stock in Turmoil
China Fortune Land Development Co., Ltd. is a company in crisis, with its stock price careening wildly between 1.01 CNH and 4.15 CNH over the past 52 weeks. The current price of 2.21 CNH is a far cry from the stability investors crave.
The company’s technical analysis paints a bleak picture: a price-to-earnings ratio of -1.54 and a price-to-book ratio of 4.28. These numbers scream “red flag” to anyone with even a passing familiarity with the stock market. The fact that the company’s stock price is still trading at such a low level is a testament to the faith investors have lost in its ability to deliver.
- Key Statistics:
- 52-week trading range: 1.01 CNH - 4.15 CNH
- Current price: 2.21 CNH
- Price-to-earnings ratio: -1.54
- Price-to-book ratio: 4.28
The writing is on the wall: China Fortune Land Development Co., Ltd. is a company in need of a drastic overhaul. Until it can demonstrate a clear and convincing plan for turning things around, investors would do well to steer clear of this stock. The risks are simply too great, and the potential rewards too small.