Planet Green (NYSE:PLAG) Stock Price Down 0.6% – Time to Sell?

Planet Green Holdings Corp. (NYSE:PLAG) shares traded down 0.6% during mid-day trading on Friday . The company traded as low as $1.71 and last traded at $1.77. 65,340 shares changed hands during trading, a decline of 70% from the average session volume of 219,249 shares. The stock had previously closed at $1.78.

Planet Green Price Performance

The stock has a market capitalization of $12.89 million, a PE ratio of -4.66 and a beta of 0.63. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $1.49 and its 200-day moving average price is $1.67.

Institutional Trading of Planet Green

A number of large investors have recently made changes to their positions in PLAG. Renaissance Technologies LLC bought a new stake in shares of Planet Green in the fourth quarter valued at about $46,000. Citadel Advisors LLC bought a new position in Planet Green in the fourth quarter worth about $63,000. Finally, Two Sigma Securities LLC bought a new position in Planet Green in the fourth quarter worth about $99,000. 0.28% of the stock is owned by hedge funds and other institutional investors.

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.