Powell Investment Advisors LLC Makes New Investment in Shineco, Inc. (NASDAQ:SISI)

Powell Investment Advisors LLC acquired a new position in Shineco, Inc. (NASDAQ:SISI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,500 shares of the company’s stock, valued at approximately $52,000.

Shineco Trading Down 7.1 %

Shares of Shineco stock opened at $1.30 on Wednesday. Shineco, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $117.65. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $2.09 and a 200 day moving average of $5.47.

Shineco Company Profile

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.