Ruijie Networks Hits Day Low of CNY 75.60 Amid Price Pressure

Ruijie Networks Co., Ltd. experienced a significant decline today, with the stock dropping by 7.25% to touch an intraday low of CNY 75.60. This performance stands in contrast to the China Shanghai Composite, which gained 1.36% on the same day. Over the past week, Ruijie Networks has seen a decrease of 6.93%, while its monthly performance reflects a more substantial drop of 15.09%. Despite these recent setbacks, the company has shown remarkable growth over the past year, boasting a return of 119.72%, significantly outperforming the China Shanghai Composite's 19.83% during the same period. Year-to-date, Ruijie Networks has achieved a 50.28% increase, further highlighting its strong performance relative to the broader market. Financially, Ruijie Networks maintains a solid position with a return on equity of 18.50% and a price-to-earnings ratio of 10.00. The company's market capitalization stands at CNY 8,810 million, categorizing it as a mid-cap entity within the Computers - Software & Consulting industry.