TDH (NASDAQ:PETZ) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

TDH Holdings, Inc. (NASDAQ:PETZ) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.21 and traded as high as $1.21. TDH shares last traded at $1.22, with a volume of 2,807 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded TDH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

TDH Stock Performance

The company’s 50 day moving average is $1.31 and its 200 day moving average is $1.21.

Insider Transactions at TDH

In related news, CEO Dandan Liu acquired 2,969,692 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $1.20 per share, for a total transaction of $3,563,630.40. Following the acquisition, the chief executive officer owned 5,069,389 shares in the company, valued at $6,083,266.80. This trade represents a 141.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.82% of the stock is owned by corporate insiders.

About TDH

TDH Holdings, Inc, doing business under the ticker PETZ, is a pet-food company focused on the development, manufacture and sale of food products for companion animals. Its offerings include products for dogs and cats, such as dry food, wet food, treats and other pet snacks.

The company primarily serves the Chinese pet-care market and has also pursued sales through international distribution channels. Its products are marketed through retail and online channels, as well as through distributors and other commercial partners.