Planet Green (NYSEAMERICAN:PLAG) Trading Down 5.2% – Time to Sell?

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG)’s stock price fell 5.2% on Friday . The stock traded as low as $1.82 and last traded at $1.82. 3,972 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 100,925 shares. The stock had previously closed at $1.92.

Planet Green Stock Down 5.2%

The firm has a market capitalization of $17.07 million, a P/E ratio of -4.79 and a beta of 1.17. The company’s 50 day moving average is $1.77 and its 200-day moving average is $2.23.

Planet Green (NYSEAMERICAN:PLAG) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($1.56) earnings per share for the quarter. Planet Green had a negative net margin of 887.08% and a negative return on equity of 389.30%. The company had revenue of $0.52 million during the quarter.

About Planet Green

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.