Planet Green (NYSEAMERICAN:PLAG) Shares Down 1.9% – Here’s Why

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG)’s share price was down 1.9% during mid-day trading on Wednesday . The stock traded as low as $1.76 and last traded at $1.8350. Approximately 26,311 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 49,308 shares. The stock had previously closed at $1.87.

Planet Green Stock Performance

The business’s fifty day moving average is $1.76 and its 200-day moving average is $2.10. The firm has a market cap of $17.21 million, a P/E ratio of -4.83 and a beta of 1.03.

Planet Green (NYSEAMERICAN:PLAG) last posted its earnings results on Saturday, May 16th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $6.36 million for the quarter. Planet Green had a negative net margin of 299.99% and a negative return on equity of 1,172.32%.

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.