Wall Street Zen Upgrades Shineco (NASDAQ:SISI) to Hold

Shineco (NASDAQ:SISI) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Shineco Price Performance

Shineco stock opened at $5.50 on Friday. The firm has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $33.45. Shineco has a 1-year low of $4.71 and a 1-year high of $852.00.

Shineco (NASDAQ:SISI) last announced its earnings results on Thursday, May 15th. The company reported ($42.00) earnings per share for the quarter. The company had revenue of $0.26 million for the quarter. Shineco had a negative return on equity of 79.89% and a negative net margin of 380.55%.

Institutional Trading of Shineco

A hedge fund recently bought a new stake in Shineco stock. XTX Topco Ltd bought a new stake in Shineco (NASDAQ:SISI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,691 shares of the company’s stock, valued at approximately $33,000. XTX Topco Ltd owned approximately 2.12% of Shineco as of its most recent SEC filing. Hedge funds and other institutional investors 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.