Planet Green (NYSE:PLAG) Shares Down 13.4%

Planet Green Holdings Corp. (NYSE:PLAG)’s stock price dropped 13.4% during mid-day trading on Wednesday . The company traded as low as $0.19 and last traded at $0.19. Approximately 206,710 shares traded hands during trading, an increase of 465% from the average daily volume of 36,617 shares. The stock had previously closed at $0.22.

Planet Green Stock Performance

The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $0.26 and a two-hundred day simple moving average of $0.39. The stock has a market capitalization of $15.50 million, a P/E ratio of -0.72 and a beta of -0.42.

Planet Green (NYSE:PLAG) last posted its quarterly earnings results on Monday, April 1st. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $9.83 million during the quarter. Planet Green had a negative net margin of 76.86% and a negative return on equity of 75.39%.

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.