Planet Green (NYSE:PLAG) Stock Price Down 6.7% – What’s Next?

Planet Green Holdings Corp. (NYSE:PLAG)’s share price fell 6.7% during trading on Thursday . The stock traded as low as $2.30 and last traded at $2.52. 19,065 shares were traded during mid-day trading, an increase of 89% from the average session volume of 10,090 shares. The stock had previously closed at $2.70.

Planet Green Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.52 and a current ratio of 0.62. The firm’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $1.87. The firm has a market capitalization of $19.03 million, a price-to-earnings ratio of -0.91 and a beta of -0.46.

Planet Green (NYSE:PLAG) last announced its earnings results on Wednesday, August 14th. The company reported ($0.29) earnings per share for the quarter. Planet Green had a negative net margin of 15.74% and a negative return on equity of 52.91%. The business had revenue of $1.95 million during the quarter.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products.