Planet Green (NYSE:PLAG) Stock Price Down 6.7% – Here’s Why

Planet Green Holdings Corp. (NYSE:PLAG) dropped 6.7% during mid-day trading on Thursday . The company traded as low as $2.30 and last traded at $2.52. Approximately 19,065 shares traded hands during trading, an increase of 89% from the average daily volume of 10,090 shares. The stock had previously closed at $2.70.

Planet Green Price Performance

The business’s fifty day moving average is $1.77 and its 200-day moving average is $1.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.62 and a quick ratio of 0.52. The firm has a market cap of $18.16 million, a PE ratio of -0.87 and a beta of -0.46.

Planet Green (NYSE:PLAG) last posted its earnings results on Wednesday, August 14th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $1.95 million during the quarter. Planet Green had a negative return on equity of 52.91% and a negative net margin of 15.74%.

About Planet Green

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.