Planet Green (NYSE:PLAG) Trading Down 1.1% – What’s Next?

Planet Green Holdings Corp. (NYSE:PLAG) fell 1.1% during mid-day trading on Friday . The company traded as low as $3.50 and last traded at $3.71. 169,481 shares traded hands during mid-day trading, an increase of 352% from the average session volume of 37,516 shares. The stock had previously closed at $3.75.

Planet Green Stock Performance

The stock’s 50-day simple moving average is $1.98 and its 200-day simple moving average is $1.90. The stock has a market cap of $27.02 million, a price-to-earnings ratio of -8.83 and a beta of -0.56. The company has a current ratio of 0.62, a quick ratio of 0.52 and a debt-to-equity ratio of 0.25.

Planet Green (NYSE:PLAG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.29) earnings per share for the quarter. Planet Green had a negative net margin of 15.74% and a negative return on equity of 52.91%. The company had revenue of $1.95 million during the quarter.

Hedge Funds Weigh In On Planet Green

An institutional investor recently bought a new position in Planet Green stock. Garden State Investment Advisory Services LLC bought a new position in shares of Planet Green Holdings Corp. (NYSE:PLAG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,653 shares of the company’s stock, valued at approximately $53,000. Garden State Investment Advisory Services LLC owned about 0.48% of Planet Green at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.28% of the company’s stock.

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.