Planet Green (NYSE:PLAG) Shares Down 1.1% – Should You Sell?

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

Planet Green Stock Performance

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 company has a market capitalization of $28.04 million, a P/E ratio of -9.17 and a beta of -0.56. The business’s fifty day simple moving average is $1.98 and its 200-day simple moving average is $1.89.

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

Institutional Trading of Planet Green

A hedge fund recently bought a new stake in Planet Green stock. Garden State Investment Advisory Services LLC bought a new position in Planet Green Holdings Corp. (NYSE:PLAG) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 34,653 shares of the company’s stock, valued at approximately $53,000. Garden State Investment Advisory Services LLC owned about 0.48% of Planet Green as of its most recent SEC filing. 0.28% of the stock is currently owned by institutional investors and hedge funds.

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.