Planet Green (NYSEAMERICAN:PLAG) Shares Down 1.9% – Here’s Why

Shares of Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) were down 1.9% on Wednesday . The stock traded as low as $1.76 and last traded at $1.8350. 26,311 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 49,308 shares. The stock had previously closed at $1.87.

Planet Green Price Performance

The stock has a 50-day moving average price of $1.76 and a 200-day moving average price of $2.10. The company has a market capitalization of $17.21 million, a P/E ratio of -4.83 and a beta of 1.03.

Planet Green (NYSEAMERICAN:PLAG) last announced its earnings results on Saturday, May 16th. The company reported $0.04 EPS for the quarter. The business had revenue of $6.36 million for the quarter. Planet Green had a negative return on equity of 1,172.32% and a negative net margin of 299.99%.

Planet Green Company Profile

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. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.