Planet Green (NYSE:PLAG) Stock Price Down 0.6% – Time to Sell?

Planet Green Holdings Corp. (NYSE:PLAG)’s share price traded down 0.6% during trading on Friday . The company traded as low as $1.71 and last traded at $1.77. 65,340 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 219,249 shares. The stock had previously closed at $1.78.

Planet Green Stock Down 0.6%

The business’s fifty day moving average price is $1.49 and its 200 day moving average price is $1.67. The firm has a market capitalization of $12.89 million, a price-to-earnings ratio of -4.66 and a beta of 0.63. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Planet Green

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in shares of Planet Green in the 4th quarter valued at $46,000. Citadel Advisors LLC acquired a new position in Planet Green in the 4th quarter valued at $63,000. Finally, Two Sigma Securities LLC acquired a new position in Planet Green in the 4th quarter valued at $99,000. 0.28% of the stock is owned by institutional investors and hedge funds.

Planet Green Company Profile

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.