TheStreet cut shares of Pingtan Marine Enterprise Ltd. (NASDAQ:PME) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Pingtan Marine Enterprise (NASDAQ:PME) traded down 6.52% on Tuesday, reaching $1.40. Pingtan Marine Enterprise has a 52-week low of $0.84 and a 52-week high of $2.33. The firm’s market cap is $110.68 million. The stock’s 50 day moving average is $1.06 and its 200 day moving average is $1.14.

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The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.04 annualized dividend and a dividend yield of 2.86%. Pingtan Marine Enterprise’s dividend payout ratio is -10.26%.

About Pingtan Marine Enterprise

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

5 Day Chart for NASDAQ:PME

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