Ruijie Networks Hits Day Low of CNY 81.62 Amid Price Pressure

Ruijie Networks Co., Ltd. experienced a significant decline today, with the stock dropping by 6.57% as it reached an intraday low of CNY 81.62. This performance stands in contrast to the broader market, as the China Shanghai Composite index only fell by 0.94% on the same day. Over the past week, Ruijie Networks has seen a decrease of 3.94%, while its performance over the last month remains positive at 1.71%. Notably, the company has shown remarkable growth over the past year, boasting a return of 169.19%, significantly outperforming the China Shanghai Composite's 18.02% increase. Financial metrics indicate a solid position for Ruijie Networks, with a return on equity (ROE) of 14.46% and a price-to-book ratio of 0.87. The company has also reported a substantial profit increase of 138.1% over the past year, contributing to its impressive overall performance. With a market capitalization of CNY 8,810 million, Ruijie Networks continues to be a notable player in the Computers - Software & Consulting industry.