Golden Heaven Group (NASDAQ:GDHG) Trading Up 9% – Here’s What Happened

Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) shares rose 9% during trading on Friday . The stock traded as high as $2.1286 and last traded at $2.06. Approximately 7,934 shares were traded during trading, an increase of 18% from the average daily volume of 6,699 shares. The stock had previously closed at $1.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Golden Heaven Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Golden Heaven Group Trading Up 9.0%

The firm’s 50 day moving average price is $2.34 and its two-hundred day moving average price is $4.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 25.01 and a current ratio of 25.01.

Golden Heaven Group (NASDAQ:GDHG) last issued its quarterly earnings results on Wednesday, January 21st. The company reported $300.06 earnings per share (EPS) for the quarter. The firm had revenue of $3.57 million during the quarter.

About Golden Heaven Group

Golden Heaven Group Inc (NASDAQ:GDHG) is a China-based company specializing in the research, development, production and distribution of environmentally friendly agricultural and industrial chemical products. Its core business activities include the manufacturing of organic and bio-based agricultural inputs such as organic fertilizers, biopesticides and plant growth regulators designed to enhance soil health and crop yields. In addition, Golden Heaven offers water‐treatment chemicals and air‐quality control agents for industrial applications.

The company’s product portfolio features Bacillus‐based biopesticides, proprietary organic fertilizer blends containing beneficial microorganisms and enzymatic additives, and specialty agents for industrial boiler desulfurization and wastewater remediation.