Planet Green (NYSE:PLAG) Stock Price Down 1.1% – Time to Sell?

Planet Green Holdings Corp. (NYSE:PLAG) shares fell 1.1% on Friday . The company traded as low as $3.50 and last traded at $3.71. 169,481 shares traded hands during mid-day trading, an increase of 352% from the average session volume of 37,516 shares. The stock had previously closed at $3.75.

Planet Green Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.52 and a current ratio of 0.62. The firm has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $1.90. The firm has a market cap of $27.02 million, a price-to-earnings ratio of -8.83 and a beta of -0.56.

Planet Green (NYSE:PLAG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.29) earnings per share for the quarter. The company had revenue of $1.95 million during the quarter. Planet Green had a negative net margin of 15.74% and a negative return on equity of 52.91%.

Hedge Funds Weigh In On Planet Green

An institutional investor recently bought a new position in Planet Green stock. Garden State Investment Advisory Services LLC acquired a new stake in Planet Green Holdings Corp. (NYSE:PLAG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,653 shares of the company’s stock, valued at approximately $53,000. Garden State Investment Advisory Services LLC owned approximately 0.48% of Planet Green at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.28% of the company’s stock.

About Planet Green

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products.