Calavo Growers (CVGW, Financial) experienced a significant stock price drop of 5.06%. The stock is currently priced at $24.19 per share with a trading volume of 68,841 shares, indicating a turnover rate of 0.39% and a volatility of 4.95%.
Financial reports reveal that Calavo Growers generated $180 million in revenue, with a net profit of $5.4 million. The earnings per share stood at -$0.04, and the gross profit was $20.09 million, resulting in a price-to-earnings ratio of -48.64.
Regarding institutional ratings, out of three institutions, 67% recommend buying the stock, while 33% suggest holding it, with no sell recommendations.
Within the food distribution industry, the overall decline was 0.48%. Notable gainers in the sector included Amcon Distributing Company and G. Will-Food International. In terms of activity, Fuyuan Group, United Natural Foods, and Calavo Growers showed significant turnover rates of 1.13%, 0.44%, and 0.39%, respectively. Stocks with notable volatility included Mission Produce, Inc., Fuyuan Group, and Calavo Growers, with fluctuations of 6.17%, 5.58%, and 4.95%.
Calavo Growers is a growing supplier in the avocado industry, distributing fresh produce both domestically and internationally. The company operates through two segments: fresh produce, including avocados, tomatoes, and papayas, and prepared foods, which encompass fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads, snacks, guacamole, salsa, and avocado pulp for food services.
