Planet Green (NYSE:PLAG) Stock Price Down 5.4% – Time to Sell?

Planet Green Holdings Corp. (NYSE:PLAG)’s stock price fell 5.4% on Tuesday . The company traded as low as $2.45 and last traded at $2.45. 2,010 shares changed hands during trading, a decline of 68% from the average session volume of 6,263 shares. The stock had previously closed at $2.59.

Planet Green Stock Down 5.4 %

The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $17.84 million, a PE ratio of -6.45 and a beta of -0.45. The company’s 50 day moving average is $2.55 and its two-hundred day moving average is $2.13.

Institutional Investors Weigh In On Planet Green

A hedge fund recently bought a new stake in Planet Green stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of Planet Green Holdings Corp. (NYSE:PLAG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 34,653 shares of the company’s stock, valued at approximately $53,000. Garden State Investment Advisory Services LLC owned approximately 0.48% of Planet Green at the end of the most recent reporting period. Institutional investors and hedge funds own 0.28% of the company’s stock.

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.