China Xiangtai Food (NASDAQ:PLIN) Trading Down 7.4% – Should You Sell?

Shares of China Xiangtai Food Co., Ltd. (NASDAQ:PLINGet Free Report) were down 7.4% during trading on Thursday . The company traded as low as $0.2512 and last traded at $0.2516. Approximately 828,856 shares traded hands during mid-day trading, an increase of 193% from the average daily volume of 282,637 shares. The stock had previously closed at $0.2717.

China Xiangtai Food Price Performance

The business’s 50-day moving average is $0.37 and its two-hundred day moving average is $0.33.

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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