Ruijie Networks Hits Day Low of CNY 90.30 Amid Price Pressure

Ruijie Networks Co., Ltd. experienced a notable decline today, with the stock dropping by 5.6% as it reached an intraday low of CNY 90.30. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.65% on the same day. Over the past week, Ruijie Networks has seen a slight decline of 0.96%, while its performance over the last month remains positive at 1.64%. In terms of longer-term performance, Ruijie Networks has demonstrated impressive growth, with a remarkable 272.19% increase over the past year, significantly outperforming the China Shanghai Composite's 27.56% gain. Year-to-date, the stock has risen by 75.27%, again surpassing the broader market's 14.21% increase. Financially, Ruijie Networks maintains a solid position with a return on equity of 14.46% and a price-to-book ratio of 0.87, indicating an attractive valuation. The company's market capitalization stands at CNY 8,810 million, placing it within the mid-cap category. Despite today's decline, the stock's overall performance metrics reflect a strong historical trajectory.