Shares of Shineco, Inc. (NASDAQ:SISI – Get Free Report) rose 28.2% on Wednesday . The company traded as high as $2.98 and last traded at $2.82. Approximately 231,009 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 389,887 shares. The stock had previously closed at $2.20.
Shineco Stock Performance
The company has a debt-to-equity ratio of 0.02, a current ratio of 0.52 and a quick ratio of 0.48. The company’s 50-day moving average is $1.98 and its two-hundred day moving average is $1.40.
Shineco (NASDAQ:SISI – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.52) earnings per share for the quarter. The business had revenue of $1.35 million for the quarter. Shineco had a negative net margin of 138.63% and a negative return on equity of 32.37%.
Shineco Company Profile
Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.
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