StockNews.com assumed coverage on shares of Pingtan Marine Enterprise (NASDAQ:PME – Get Rating) in a research note released on Saturday. The firm issued a sell rating on the stock.
Pingtan Marine Enterprise Price Performance
NASDAQ PME opened at $1.00 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.76 and a debt-to-equity ratio of 2.61. Pingtan Marine Enterprise has a 1 year low of $0.42 and a 1 year high of $1.12. The company has a market cap of $85.92 million, a PE ratio of -24.99 and a beta of -0.79. The stock's 50-day moving average price is $0.91 and its two-hundred day moving average price is $0.84.
Get Pingtan Marine Enterprise alerts:Hedge Funds Weigh In On Pingtan Marine Enterprise
An institutional investor recently raised its position in Pingtan Marine Enterprise stock. Renaissance Technologies LLC raised its holdings in shares of Pingtan Marine Enterprise Ltd. (NASDAQ:PME – Get Rating) by 222.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,021 shares of the company's stock after acquiring an additional 84,121 shares during the quarter. Renaissance Technologies LLC owned approximately 0.14% of Pingtan Marine Enterprise worth $109,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.43% of the company's stock.
About Pingtan Marine Enterprise
(Get Rating)Pingtan Marine Enterprise Ltd., together with its subsidiaries, engages in the ocean fishing business. The company catches a range of fish species, such as red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret and seaperch, slender shad, sole fish, Spanish mackerel, and threadfin. As of December 31, 2021, it owned 51 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, four longline fishing vessels, and 3 transport vessels, as well as had operating license rights to 20 drifters.
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