Novoray Corp. Stock Hits Day Low of CNY 66.60 Amid Price Pressure

Novoray Corp., a large-cap player in the specialty chemicals industry, experienced a notable decline of 6.87% on March 3, 2026, hitting an intraday low of CNY 66.60. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Novoray Corp. has shown resilience with a 4.41% increase, while its one-month performance reflects a gain of 6.39%. Year-to-date, the stock has risen by 7.83%, and over the past year, it has delivered a robust return of 45.3%, significantly outperforming the broader market index, which has returned 22.49%. Despite these positive trends, the company’s valuation metrics indicate a high price-to-earnings ratio of 53.00 and a price-to-book value of 9.29, suggesting that the stock may be considered expensive relative to its earnings. Additionally, Novoray Corp. maintains a dividend yield of 0.61% and a return on equity of 17.37%, reflecting its profitability in the specialty chemicals sector.