Equities researchers at StockNews.com assumed coverage on shares of Pingtan Marine Enterprise (NASDAQ:PME – Get Rating) in a report released on Saturday. The brokerage set a "sell" rating on the stock.
Pingtan Marine Enterprise Price Performance
Shares of PME opened at $0.30 on Friday. The company has a market cap of $25.78 million, a P/E ratio of -7.50 and a beta of -0.74. The stock has a fifty day moving average price of $0.35 and a 200 day moving average price of $0.64. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.75 and a quick ratio of 0.50. Pingtan Marine Enterprise has a 12 month low of $0.00 and a 12 month high of $1.12.
Get Pingtan Marine Enterprise alerts:Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its position in Pingtan Marine Enterprise by 299.6% during the 3rd quarter. UBS Group AG now owns 41,847 shares of the company's stock worth $35,000 after acquiring an additional 31,375 shares during the period. Renaissance Technologies LLC boosted its position in Pingtan Marine Enterprise by 222.0% during the 2nd quarter. Renaissance Technologies LLC now owns 122,021 shares of the company's stock worth $109,000 after acquiring an additional 84,121 shares during the period. Finally, Virtu Financial LLC boosted its position in Pingtan Marine Enterprise by 18.9% during the 1st quarter. Virtu Financial LLC now owns 96,964 shares of the company's stock worth $62,000 after acquiring an additional 15,387 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.
Pingtan Marine Enterprise Company Profile
(Get Rating)
Pingtan Marine Enterprise Ltd., through its subsidiary, engages in ocean fishing and sale of frozen marine catches. Its products include Japanese threadfin bream, red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret, silver seaperch, slender shad, and spanish mackarel. The company was founded on February 27, 1998 and is headquartered in Fuzhou, China.
Read More
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