Planet Image International (NASDAQ:YIBO) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Planet Image International Limited (NASDAQ:YIBO) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $1.06 and traded as low as $1.02. Planet Image International shares last traded at $1.02, with a volume of 2,250 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Planet Image International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Planet Image International Price Performance

The company has a 50-day moving average price of $1.17 and a 200-day moving average price of $1.06.

Planet Image International (NASDAQ:YIBO) last posted its quarterly earnings data on Wednesday, September 16th. The company reported ($0.01) EPS for the quarter. The company had revenue of $34.64 million during the quarter.

Planet Image International Company Profile

Planet Image International Limited is a China-based provider of compatible printing consumables. Through its operating subsidiaries, the company develops, manufactures and sells products used with printers and imaging equipment, including toner cartridges, ink cartridges and related replacement components.

The company primarily focuses on aftermarket products designed to serve customers seeking alternatives to original equipment manufacturer cartridges. Its products are marketed through online sales channels and are intended for use by consumers, small businesses and other users of office and home printing equipment.

Planet Image International is incorporated in the Cayman Islands, while its principal operating activities are conducted in China.