Planet Green (NYSE:PLAG) Stock Price Down 6.7% – Here’s Why

Planet Green Holdings Corp. (NYSE:PLAG)’s share price traded down 6.7% on Thursday . The company traded as low as $2.30 and last traded at $2.52. 19,065 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 10,090 shares. The stock had previously closed at $2.70.

Planet Green Price Performance

The stock has a market capitalization of $18.16 million, a P/E ratio of -0.87 and a beta of -0.46. The business’s 50 day simple moving average is $1.77 and its two-hundred day simple moving average is $1.86. The company has a quick ratio of 0.52, a current ratio of 0.62 and a debt-to-equity ratio of 0.25.

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

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.