TDH (NASDAQ:PETZ) Stock Price Up 2.3% – Here’s Why

TDH Holdings, Inc. (NASDAQ:PETZGet Free Report)’s share price shot up 2.3% on Monday . The company traded as high as $1.39 and last traded at $1.34. 15,442 shares traded hands during trading, a decline of 99% from the average daily volume of 1,112,495 shares. The stock had previously closed at $1.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded TDH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, TDH presently has a consensus rating of “Hold”.

Read Our Latest Report on PETZ

TDH Price Performance

The company has a 50-day moving average price of $1.30 and a 200-day moving average price of $1.22.

Insider Buying and Selling at TDH

In other TDH news, CEO Dandan Liu acquired 2,969,692 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $1.20 per share, for a total transaction of $3,563,630.40. Following the completion of the purchase, the chief executive officer directly owned 5,069,389 shares in the company, valued at $6,083,266.80. This represents a 141.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.82% of the stock is owned by corporate insiders.

About TDH

(Get Free Report)

TDH Holdings, Inc is a China-based pet food company that develops, manufactures and sells food products for companion animals. Its offerings primarily include pet food and related products for dogs and cats, such as dry food, treats and other snack products.

The company markets its products through a combination of distribution, retail and online sales channels, serving customers in China and potentially other markets through its commercial partners. Its business is focused on the growing companion-animal products sector rather than veterinary services or live-animal sales.

TDH Holdings trades on the Nasdaq Stock Market under the symbol PETZ.

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