TDH (NASDAQ:PETZ) Shares Down 4.4% – Should You Sell?

TDH Holdings, Inc. (NASDAQ:PETZ) traded down 4.4% during trading on Monday. The company traded as low as $1.19 and last traded at $1.20. 8,195 shares were traded during trading, a decline of 5% from the average session volume of 8,656 shares. The stock had previously closed at $1.2550.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded TDH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

TDH Stock Performance

The firm has a 50 day simple moving average of $1.32 and a 200 day simple moving average of $1.24.

Insider Buying and Selling

In related news, CEO Dandan Liu acquired 2,969,692 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $1.20 per share, with a total value of $3,563,630.40. Following the acquisition, the chief executive officer directly owned 5,069,389 shares of the company’s stock, valued at approximately $6,083,266.80. This trade represents a 141.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 10.82% of the stock is currently owned by insiders.

TDH Company Profile

TDH Holdings, Inc is a China-based pet food company traded on the Nasdaq under the symbol PETZ. The company focuses on the development, manufacture and sale of food products for household pets, primarily dogs and cats.

Its product portfolio includes pet food and pet treats, with offerings designed to address everyday feeding and snack needs. The company distributes its products through sales channels serving the Chinese pet-care market.

TDH Holdings has historically operated from China and has positioned its business within the country’s growing companion-animal and pet-products industry.