Ruijie Networks Hits Day Low of CNY 88.90 Amid Price Pressure

Ruijie Networks Co., Ltd. experienced a notable decline today, with the stock dropping by 6.62% as it reached an intraday low of CNY 88.90. This performance stands in contrast to the China Shanghai Composite, which saw a modest gain of 0.9% on the same day. Over the past week, Ruijie Networks has faced a decrease of 2.04%, while its monthly performance shows a slight increase of 0.54%. Despite today's downturn, Ruijie Networks has demonstrated impressive long-term performance metrics. Over the past year, the stock has surged by 268.16%, significantly outperforming the China Shanghai Composite's 25.1% increase. Year-to-date, the stock has gained 73.37%, again surpassing the broader market's 15.24% growth. Financially, Ruijie Networks maintains a solid position with a return on equity 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 last year, contributing to its strong market presence in the Computers - Software & Consulting industry.