Shineco (NASDAQ:SISI) Shares Up 2.9% – Here’s Why

Shineco (NASDAQ:SISI) shares shot up 2.9% during trading on Tuesday . The stock traded as high as $0.3171 and last traded at $0.3086. 1,801 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 3,120 shares. The stock had previously closed at $0.30.

Shineco Stock Up 2.9%

The company has a market cap of $128,069.00, a P/E ratio of 0.00 and a beta of -1.33. The company has a fifty day moving average of $0.26 and a 200 day moving average of $0.81.

Shineco Company Profile

Shineco, Inc (NASDAQ: SISI) is a China-based manufacturer focused on the research, development, production and sale of automotive refinish coatings. The company’s product line includes primers, basecoats, clearcoats and specialty coatings designed for collision repair shops, auto body refinishing centers and industrial finishing applications. Shineco’s formulations aim to meet stringent quality and environmental standards, offering high adhesion, durability and color consistency.

In addition to its core automotive refinish business, Shineco produces protective and specialty coatings for a range of substrates, including metal, wood and plastics.