Pingtan Marine Enterprise (NASDAQ:PME) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Pingtan Marine Enterprise (NASDAQ:PMEGet Rating) in a report issued on Monday morning. The brokerage issued a sell rating on the stock.

Pingtan Marine Enterprise Price Performance

Shares of PME opened at $0.56 on Monday. Pingtan Marine Enterprise has a fifty-two week low of $0.42 and a fifty-two week high of $1.12. The company has a 50 day moving average price of $0.81 and a 200-day moving average price of $0.90. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.50 and a current ratio of 0.75. The stock has a market capitalization of $48.21 million, a PE ratio of -14.02 and a beta of -0.77.

Institutional Investors Weigh In On Pingtan Marine Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC lifted its position in Pingtan Marine Enterprise by 18.9% during the first quarter. Virtu Financial LLC now owns 96,964 shares of the company’s stock valued at $62,000 after acquiring an additional 15,387 shares during the last quarter. UBS Group AG lifted its position in Pingtan Marine Enterprise by 299.6% during the third quarter. UBS Group AG now owns 41,847 shares of the company’s stock valued at $35,000 after acquiring an additional 31,375 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Pingtan Marine Enterprise by 222.0% during the second quarter. Renaissance Technologies LLC now owns 122,021 shares of the company’s stock valued at $109,000 after acquiring an additional 84,121 shares during the last quarter. Hedge funds and other institutional investors own 0.43% of the company’s stock.

Pingtan Marine Enterprise Company Profile

(Get Rating)

Pingtan Marine Enterprise Ltd., together with its subsidiaries, engages in the ocean fishing business. The company catches a range of fish species, such as red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret and seaperch, slender shad, sole fish, Spanish mackerel, and threadfin. As of December 31, 2021, it owned 51 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, four longline fishing vessels, and 3 transport vessels, as well as had operating license rights to 20 drifters.

Further Reading

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