Planet Green (NYSEAMERICAN:PLAG) Shares Down 3.8% – What’s Next?

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was down 3.8% during mid-day trading on Wednesday . The stock traded as low as $2.46 and last traded at $2.53. Approximately 26,438 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 36,857 shares. The stock had previously closed at $2.63.

Planet Green Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.48 and a current ratio of 0.56. The company’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $1.95. The stock has a market cap of $23.73 million, a price-to-earnings ratio of -6.66 and a beta of 0.74.

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. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.