Shares of Planet Green Holdings Corp. (NYSEAMERICAN:PLAG – Get Free Report) were down 4% during trading on Tuesday. The company traded as low as $0.6994 and last traded at $0.72. 65,733 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 378,305 shares. The stock had previously closed at $0.75.
Planet Green Stock Down 3.8%
The firm has a market cap of $6.63 million, a price-to-earnings ratio of -1.86 and a beta of 1.21. The company’s fifty day moving average is $0.82 and its 200 day moving average is $1.30.
Planet Green (NYSEAMERICAN:PLAG – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.79 million for the quarter. Planet Green had a negative return on equity of 1,202.18% and a negative net margin of 276.14%.
Planet Green Company Profile
Planet Green Holdings Corp. is a China-based holding company that has historically operated in the food-processing industry. Through its subsidiaries, the company has produced and sold processed food products, including chestnuts, frozen vegetables, convenience foods and snack products.
The company was formerly known as American Lorain Corporation before adopting the Planet Green Holdings name. Its operations have primarily served the Chinese market, with products distributed through retail and other commercial channels.
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