Shineco (NASDAQ:SISI) Trading 23.8% Higher – What’s Next?

Shineco, Inc. (NASDAQ:SISI)’s stock price rose 23.8% on Thursday . The stock traded as high as $1.27 and last traded at $1.25. Approximately 350,122 shares changed hands during trading, an increase of 173% from the average daily volume of 128,169 shares. The stock had previously closed at $1.01.

Shineco Stock Up 23.8 %

The stock’s 50 day moving average price is $1.20 and its 200-day moving average price is $2.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.75 and a current ratio of 0.86.

Shineco (NASDAQ:SISI) last issued its earnings results on Friday, February 14th. The company reported ($0.90) EPS for the quarter. The company had revenue of $3.05 million for the quarter. Shineco had a negative return on equity of 64.49% and a negative net margin of 245.08%.

Institutional Investors Weigh In On Shineco

A hedge fund recently bought a new stake in Shineco stock. Powell Investment Advisors LLC purchased a new position in shares of Shineco, Inc. (NASDAQ:SISI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned approximately 0.66% of Shineco at the end of the most recent quarter. 4.08% of the stock is owned by hedge funds and other institutional investors.

Shineco Company Profile

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.