Planet Green (NYSE:PLAG) Shares Down 13.4%

Planet Green Holdings Corp. (NYSE:PLAG) shares fell 13.4% during mid-day trading on Wednesday . The company traded as low as $0.19 and last traded at $0.19. 206,710 shares traded hands during mid-day trading, an increase of 465% from the average session volume of 36,617 shares. The stock had previously closed at $0.22.

Planet Green Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.65 and a quick ratio of 0.55. The stock’s fifty day moving average is $0.27 and its 200-day moving average is $0.39. The stock has a market cap of $13.52 million, a PE ratio of -0.62 and a beta of -0.42.

Planet Green (NYSE:PLAG) last posted its earnings results on Monday, April 1st. The company reported ($0.09) EPS for the quarter. Planet Green had a negative net margin of 76.86% and a negative return on equity of 75.39%. The company had revenue of $9.83 million during the quarter.

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.