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CHINA BIOTICS INC (CHBT) downgraded to Sell with price target $6 by Maxim Group

Posted on: Wednesday,  Jun 1, 2011  10:25 AM ET by Maxim Group

Maxim Group rated Sell CHINA BIOTICS INC (OTCBB: CHBT) on 06/01/2011, when the stock price was $7.37. Since
then, CHINA BIOTICS INC has lost 66.08% as of 10/29/2013's recent price of $2.50.
If you would have followed this Maxim Group's recommendation on CHBT, you would have gained 194.8% of your investment in 881 days.

China-Biotics, Inc. is engaged in the research, development, production, marketing and distribution of probiotics products, which are products that contain live microbial food supplements, which beneficially affect the host by improving its intestinal microbial balance. The Company manufactures and sells several health supplements under the Shining brand in the Shanghai area. It has four major products: Shining Essence, Shining Signal, Shining Golden Shield and Shining Energy. Shining Essence is composed of lactobacillus acidophilus and bifidobacterium bifidum, which is focused on balancing the microecology of the digestive system. Shining Signal is composed of monascus rice and lactobacillus acidophilus, focused on reducing high-blood pressure, high-blood sugar level and hyperlipidemia. Shining Golden Shield is composed of bifidobacterium adolescentis and lentinusedodes. Shining Energy is composed of Vitamin C, L. Arginine, and other amino acids.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/1/2011 10:25 AM Sell
7.37 6.00
as of 12/30/2011
1 Week down  -12.90 %
1 Month down  -14.75 %
3 Months down  -32.07 %
1 YTD up  45.47 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/28/2011 8:25 AM Hold
9/24/2010 12:25 PM Buy
9.31 18.00
10/16/2009 8:25 AM Buy
16.40 24.00

(*) Stock Price at the time of the recommendation.
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