China Xiangtai Food (NASDAQ:PLIN) Stock Price Down 6.5% – What’s Next?

China Xiangtai Food Co., Ltd. (NASDAQ:PLINGet Free Report) shares were down 6.5% on Friday . The company traded as low as $0.41 and last traded at $0.42. Approximately 3,488,323 shares changed hands during trading, an increase of 1,134% from the average daily volume of 282,637 shares. The stock had previously closed at $0.44.

China Xiangtai Food Trading Down 6.5%

The stock’s fifty day moving average is $0.35 and its two-hundred day moving average is $0.28.

About China Xiangtai Food

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China Xiangtai Food Co, Ltd., through its subsidiaries, engages in the slaughtering, processing, packing, distribution, wholesale, and retail of various fresh pork meat and parts in the People's Republic of China. It offers fresh pork and byproducts, as well as beef, lamb, chicken, duck, and rabbit meat.

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