StockNews.com began coverage on shares of Pingtan Marine Enterprise (NASDAQ:PME – Get Rating) in a research note issued to investors on Friday. The firm set a "sell" rating on the stock.
Pingtan Marine Enterprise Price Performance
Shares of PME opened at $0.24 on Friday. Pingtan Marine Enterprise has a twelve month low of $0.00 and a twelve month high of $1.12. The stock's 50 day moving average is $0.69 and its two-hundred day moving average is $0.84. The firm has a market capitalization of $20.63 million, a PE ratio of -6.00 and a beta of -0.82. The company has a current ratio of 0.75, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27.
Get Pingtan Marine Enterprise alerts:Institutional Investors Weigh In On Pingtan Marine Enterprise
Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. Virtu Financial LLC boosted its stake in shares of 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 in the last quarter. Finally, UBS Group AG boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.
Pingtan Marine Enterprise Company Profile
(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.
Featured Stories
- Get a free copy of the StockNews.com research report on Pingtan Marine Enterprise (PME)
- MarketBeat: Week in Review 12/19 – 12/23
- These Steelmakers Deserve A Place On Your 2023 Watch List
- Inflation Cools, Where Does The S&P 500 Go Now
- Cintas Beats Inflation With Operating Leverage
- Your Decision to Buy Palantir May Simply Be a Matter of Time
Receive News & Ratings for Pingtan Marine Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pingtan Marine Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.