Pingtan Marine Enterprise (NASDAQ:PME) Research Coverage Started at began coverage on shares of Pingtan Marine Enterprise (NASDAQ:PMEGet Rating) in a report released on Friday. The firm issued a sell rating on the stock.

Pingtan Marine Enterprise Trading Up 1.3 %

PME opened at $0.79 on Friday. Pingtan Marine Enterprise has a one year low of $0.42 and a one year high of $1.12. The stock has a market capitalization of $67.89 million, a PE ratio of -19.75 and a beta of -0.86. The business’s 50 day moving average price is $0.92 and its 200 day moving average price is $0.83. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.76 and a current ratio of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pingtan Marine Enterprise stock. Renaissance Technologies LLC boosted its holdings in Pingtan Marine Enterprise Ltd. (NASDAQ:PMEGet Rating) by 222.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,021 shares of the company’s stock after acquiring an additional 84,121 shares during the period. Renaissance Technologies LLC owned 0.14% of Pingtan Marine Enterprise worth $109,000 at the end of the most recent reporting period. 0.43% of the stock is owned by institutional investors and hedge funds.

About Pingtan Marine Enterprise

(Get Rating)

Pingtan Marine Enterprise Ltd., together with its subsidiaries, engages in the ocean fishing business. The company catches a range of fish species, such as red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret and seaperch, slender shad, sole fish, Spanish mackerel, and threadfin. As of December 31, 2021, it owned 51 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, four longline fishing vessels, and 3 transport vessels, as well as had operating license rights to 20 drifters.

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