Planet Green (NYSE:PLAG) Trading Up 8.9% – What’s Next?

Planet Green Holdings Corp. (NYSE:PLAG) shot up 8.9% during mid-day trading on Thursday . The company traded as high as $2.36 and last traded at $2.07. 301,384 shares changed hands during trading, an increase of 1,781% from the average session volume of 16,024 shares. The stock had previously closed at $1.90.

Planet Green Trading Down 3.4 %

The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $2.33 and its 200 day moving average is $2.24. The company has a market cap of $14.57 million, a price-to-earnings ratio of -5.26 and a beta of -0.61.

Institutional Trading of Planet Green

Several institutional investors have recently bought and sold shares of PLAG. Renaissance Technologies LLC purchased a new position in shares of Planet Green during the 4th quarter valued at approximately $46,000. Citadel Advisors LLC acquired a new position in Planet Green during the fourth quarter worth $63,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Planet Green in the third quarter valued at about $53,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Planet Green in the fourth quarter valued at about $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.