Somewhat Positive Press Coverage Extremely Likely to Affect Pingtan Marine Enterprise (PME) Share Price

News headlines about Pingtan Marine Enterprise (NASDAQ:PME) have been trending somewhat positive recently, AlphaOne reports. The research firm, a service of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pingtan Marine Enterprise earned a coverage optimism score of 0.13 on AlphaOne’s scale. AlphaOne also gave news stories about the company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Alpha One’s scoring:

Pingtan Marine Enterprise (NASDAQ:PME) opened at 2.94 on Friday. The company’s market capitalization is $232.42 million. The stock’s 50 day moving average is $4.25 and its 200 day moving average is $3.02. Pingtan Marine Enterprise has a 52 week low of $0.84 and a 52 week high of $5.18.

Pingtan Marine Enterprise (NASDAQ:PME) last announced its quarterly earnings data on Monday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $5.66 million during the quarter. Pingtan Marine Enterprise had a negative return on equity of 20.72% and a negative net margin of 149.59%. Analysts predict that Pingtan Marine Enterprise will post $1.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Sunday, April 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, April 26th. Pingtan Marine Enterprise’s payout ratio is -10.26%.

Separately, TheStreet raised shares of Pingtan Marine Enterprise from a “d+” rating to a “c” rating in a research note on Thursday, March 9th.

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About Pingtan Marine Enterprise

Pingtan Marine Enterprise Ltd. is a marine enterprises company. The Company is primarily engaging in ocean fishing through its operating subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd. (Pingtan Fishing). The Company harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans.

12 Month Chart for NASDAQ:PME

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