Shineco (NASDAQ:SISI) Shares Down 3.3% – Here’s What Happened

Shares of Shineco, Inc. (NASDAQ:SISI) dropped 3.3% on Thursday . The stock traded as low as $1.95 and last traded at $2.05. Approximately 82,626 shares were traded during trading, an increase of 21% from the average daily volume of 68,329 shares. The stock had previously closed at $2.12.

Shineco Price Performance

The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $2.96 and a 200-day moving average of $21.24.

Shineco Company Profile

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.