Planet Image International (NASDAQ:YIBO) Stock Price Down 5.4% – Here’s What Happened

Planet Image International Limited (NASDAQ:YIBO) fell 5.4% on Thursday . The stock traded as low as $1.10 and last traded at $1.0220. 1,743 shares traded hands during trading, a decline of 87% from the average daily volume of 13,647 shares. The stock had previously closed at $1.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Planet Image International Stock Down 5.4%

The company’s 50 day moving average is $0.99 and its 200 day moving average is $0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.57.

Planet Image International (NASDAQ:YIBO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. The company had revenue of $40.37 million during the quarter.

Institutional Investors Weigh In On Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. SmartHarvest Portfolios LLC bought a new position in shares of Planet Image International Limited (NASDAQ:YIBO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Company Profile

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.