Pingtan Marine Enterprise (NASDAQ:PME) Rating Increased to Buy at ValuEngine

Pingtan Marine Enterprise (NASDAQ:PME) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, ValuEngine reports.

Separately, TheStreet lowered Pingtan Marine Enterprise from a “c” rating to a “d+” rating in a report on Wednesday, November 27th.

NASDAQ:PME opened at $1.11 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.75 and a quick ratio of 0.57. The business has a fifty day simple moving average of $1.65 and a two-hundred day simple moving average of $2.14. Pingtan Marine Enterprise has a 1 year low of $1.07 and a 1 year high of $2.94. The company has a market capitalization of $90.12 million, a P/E ratio of 6.00 and a beta of 0.26.

In related news, insider Glenning Anthony purchased 3,435 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average cost of $25.46 per share, with a total value of $87,455.10. 57.40% of the stock is owned by company insiders.

Pingtan Marine Enterprise Company Profile

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon and croaker fish, Peru squid, Argentina squid, sailfish, chub mackerel, cuttlefish, and pomfret with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, the Arafura Sea of Indonesia, the international waters of Atlantic and Pacific Oceans, and the international waters of Indian Ocean.

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