Planet Green (NYSE:PLAG) Stock Price Down 1.5% – Here’s What Happened

Planet Green Holdings Corp. (NYSE:PLAG)’s share price traded down 1.5% on Wednesday . The stock traded as low as $0.81 and last traded at $0.88. 188,824 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 243,977 shares. The stock had previously closed at $0.89.

Planet Green Stock Down 1.5%

The company has a market cap of $6.42 million, a price-to-earnings ratio of -2.32 and a beta of 0.70. The business has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.89. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.27.

Institutional Trading of Planet Green

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in shares of Planet Green in the fourth quarter valued at about $46,000. Citadel Advisors LLC purchased a new position in Planet Green in the 4th quarter worth approximately $63,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Planet Green during the 4th quarter worth approximately $99,000. 0.28% of the stock is currently owned by hedge funds and other institutional investors.

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.