Planet Image International (NASDAQ:YIBO) Stock Breaks Below 200 Day Moving Average – Here’s Why

Planet Image International Limited (NASDAQ:YIBO) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $1.06 and traded as low as $1.02. Planet Image International shares last traded at $1.02, with a volume of 2,250 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Planet Image International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Planet Image International Stock Up 1.0%

The company has a current ratio of 1.68, a quick ratio of 1.49 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $1.15 and a 200 day moving average price of $1.06.

Planet Image International (NASDAQ:YIBO) last issued its quarterly earnings data on Wednesday, September 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $34.64 million for the quarter.

About Planet Image International

Planet Image International Limited is a China-based provider of compatible printing consumables. Through its operating subsidiaries, the company develops, manufactures and sells products used with printers and imaging equipment, including toner cartridges, ink cartridges and related replacement components.

The company primarily focuses on aftermarket products designed to serve customers seeking alternatives to original equipment manufacturer cartridges. Its products are marketed through online sales channels and are intended for use by consumers, small businesses and other users of office and home printing equipment.

Planet Image International is incorporated in the Cayman Islands, while its principal operating activities are conducted in China.