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Synutra International Inc. (NASDAQ:SYUT) shares gained 4.96%

Boston, MA 06/06/2013 (wallstreetpr) – The share prices of Synutra International Inc. (NASDAQ:SYUT) had surged by 4.96 percent to close at $5.29 per share for the last trading session on Wednesday. The shares of the company had been trading in the range of $5.06 to $5.35 per share during the day. The shares of Synutra International Inc. (NASDAQ:SYUT) had recorded 52 week low price level of $3.80 per share and 52 week high price level of $6.30 per share.

Synutra International Inc. (NASDAQ:SYUT) is involved in the production, marketing and sales of infant formula with its operations based in China. The company sells its infant formula products under the brand names Shengyuan or Synutra. Synutra International Inc. (NASDAQ:SYUT) operates its business through three major segments namely Powdered Formula Segment, Baby food segment and Nutritional ingredients and supplements segment.

Synutra International Inc. (NASDAQ:SYUT) sells its products through nationwide sales and distribution networks covering all provinces and provincial level municipalities in mainland China. The company had recently announced that it had planned to release its financial results for the fourth quarter and full year of fiscal year 2013 after the market closes on June 13, 2013.

The company had witnessed the trade of 38,094 shares on Wednesday, while the average trading volume of Synutra International Inc. (NASDAQ:SYUT) is at 16,983 shares per day. The company presently holds 57.30 million shares outstanding in the market and the institutional ownership in Synutra International Inc. (NASDAQ:SYUT) is at 14 percent of its holdings.

Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing.

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