GDHG Stock Drops Amid Broader Leisure Industry Decline

Author's Avatar
Oct 15, 2024

Golden Heaven Group Holdings Ltd (GDHG, Financial) experienced a notable stock fluctuation with a significant decrease of 5.29%. The stock is currently priced at $2.23 per share, with a trading volume of 15,067 shares and a turnover rate of 0.38%. The price volatility stands at 3.83%.

Recent financial reports reveal GDHG's revenue at $13.82 million, with a net profit of $2.54 million, yielding earnings per share of $0.05. The gross profit is recorded at $7.18 million, and the price-to-earnings ratio is 1.41. Currently, there are no institutional ratings or recommendations available for GDHG stock.

Within the broader leisure and entertainment industry, there was an overall decline of 1.35%. While some related stocks within this sector saw increases, such as Carnival Corporation, Fila Group, and American Outdoor Brands, others like Connexa Sports Technologies Inc., Playtika, and Donis were more actively traded, with turnover rates of 4.56%, 2.89%, and 1.40% respectively. Stocks such as Connexa Sports Technologies Inc., Alta Global Group Limited, and Donis experienced notable price volatilities of 41.61%, 15.69%, and 13.86% respectively.

Golden Heaven Group Holdings Ltd is an offshore holding company that manages and operates theme parks, water parks, and entertainment facilities across six properties in China. The company offers a variety of thrilling and family-friendly attractions, water features, food festivals, circus performances, and high-tech installations. It generates revenue by selling the rights to use rides and attractions, collecting special event rental fees, and charging regular rents to commercial tenants.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.