China Xiangtai Food (NASDAQ:PLIN) Stock Price Down 20.5% – Here’s What Happened

Shares of China Xiangtai Food Co., Ltd. (NASDAQ:PLINGet Free Report) were down 20.5% on Thursday . The stock traded as low as $0.27 and last traded at $0.31. Approximately 421,774 shares changed hands during trading, an increase of 49% from the average daily volume of 282,637 shares. The stock had previously closed at $0.39.

China Xiangtai Food Stock Down 20.5 %

The firm has a 50 day simple moving average of $0.68 and a 200 day simple moving average of $1.42.

About China Xiangtai Food

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China Xiangtai Food Co, Ltd., through its subsidiaries, engages in the slaughtering, processing, packing, distribution, wholesale, and retail of various fresh pork meat and parts in the People's Republic of China. It offers fresh pork and byproducts, as well as beef, lamb, chicken, duck, and rabbit meat.

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