Shineco (NASDAQ:SISI) Trading Up 23.8% – What’s Next?

Shineco, Inc. (NASDAQ:SISI)’s stock price was up 23.8% during mid-day trading on Thursday . The stock traded as high as $1.27 and last traded at $1.25. Approximately 350,122 shares traded hands during mid-day trading, an increase of 173% from the average daily volume of 128,169 shares. The stock had previously closed at $1.01.

Shineco Price Performance

The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $1.20 and a 200 day moving average price of $2.97.

Shineco (NASDAQ:SISI) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.90) EPS for the quarter. Shineco had a negative return on equity of 64.49% and a negative net margin of 245.08%. The firm had revenue of $3.05 million for the quarter.

Institutional Trading of Shineco

A hedge fund recently bought a new stake in Shineco stock. Powell Investment Advisors LLC bought a new stake in shares of Shineco, Inc. (NASDAQ:SISI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned about 0.66% of Shineco as of its most recent filing with the Securities & Exchange Commission. 4.08% of the stock is owned by hedge funds and other institutional investors.

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.