Shineco (NASDAQ:SISI) Stock Price Up 11.6% – Should You Buy?

Shineco, Inc. (NASDAQ:SISI)’s share price shot up 11.6% on Wednesday . The company traded as high as $0.88 and last traded at $0.84. 24,267 shares traded hands during trading, a decline of 80% from the average session volume of 119,730 shares. The stock had previously closed at $0.75.

Shineco Trading Up 11.6 %

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 company has a 50 day moving average of $1.71 and a 200-day moving average of $4.30.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Shineco stock. Powell Investment Advisors LLC bought a new position in Shineco, Inc. (NASDAQ:SISI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned 0.66% of Shineco at the end of the most recent reporting period. Institutional investors and hedge funds own 4.08% of the company’s stock.

About Shineco

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.