Planet Image International (NASDAQ:YIBO) Stock Price Up 1.2% – Here’s What Happened

Shares of Planet Image International Limited (NASDAQ:YIBO) traded up 1.2% during trading on Friday . The stock traded as high as $1.1710 and last traded at $1.1850. 1,951 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 120,774 shares. The stock had previously closed at $1.1710.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Planet Image International Trading Up 1.2%

The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $1.06 and a 200-day moving average of $1.02.

Hedge Funds Weigh In On Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. Financial Plan Inc. purchased a new position in shares of Planet Image International Limited (NASDAQ:YIBO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,000 shares of the company’s stock, valued at approximately $30,000.

Planet Image International Company Profile

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.