Planet Green (NYSEAMERICAN:PLAG) Stock Price Down 12.9% – Time to Sell?

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG)’s share price dropped 12.9% during trading on Thursday . The company traded as low as $3.32 and last traded at $3.39. Approximately 29,921 shares were traded during trading, a decline of 88% from the average daily volume of 251,218 shares. The stock had previously closed at $3.89.

Planet Green Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.56 and a quick ratio of 0.48. The stock has a market capitalization of $31.80 million, a price-to-earnings ratio of -8.92 and a beta of 0.78. The stock has a 50 day moving average price of $2.69 and a 200-day moving average price of $2.18.

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. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.