Planet Green (NYSE:PLAG) Trading 11.7% Higher

Planet Green Holdings Corp. (NYSE:PLAG) traded up 11.7% during trading on Friday . The company traded as high as $0.79 and last traded at $0.79. 173,916 shares traded hands during trading, a decline of 29% from the average session volume of 244,760 shares. The stock had previously closed at $0.71.

The business’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $1.28. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01.

Planet Green (NYSE:PLAG) last announced its quarterly earnings data on Monday, November 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. Planet Green had a negative net margin of 42.53% and a negative return on equity of 39.45%. The company had revenue of $8.48 million for the quarter.

An institutional investor recently raised its position in Planet Green stock. Bridgeway Capital Management LLC raised its stake in shares of Planet Green Holdings Corp. (NYSE:PLAG) by 140.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,000 shares of the company’s stock after buying an additional 73,000 shares during the quarter. Bridgeway Capital Management LLC owned about 0.62% of Planet Green worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.75% of the stock is currently owned by institutional investors and hedge funds.

Planet Green Company Profile (NYSE:PLAG)

Planet Green Holdings Corp., through its subsidiaries, grows, manufactures, and distributes Cyan brick, black, and green tea in China. It also engages in the research, development, manufacture, and sale of chemical products, including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives, and clean fuel.

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