TDH (NASDAQ:PETZ) Stock Falls 4.4% – What’s Next?

Shares of TDH Holdings, Inc. (NASDAQ:PETZ) dropped 4.4% during mid-day trading on Monday. The company traded as low as $1.19 and last traded at $1.20. 8,195 shares were traded during mid-day trading, a decline of 5% from the average session volume of 8,656 shares. The stock had previously closed at $1.2550.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of TDH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, TDH currently has a consensus rating of “Hold”.

TDH Price Performance

The stock has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.24.

Insider Transactions at TDH

In other TDH news, CEO Dandan Liu purchased 2,969,692 shares of the stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $1.20 per share, for a total transaction of $3,563,630.40. Following the acquisition, the chief executive officer directly owned 5,069,389 shares of the company’s stock, valued at $6,083,266.80. This represents a 141.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 10.82% of the company’s stock.

TDH Company Profile

TDH Holdings, Inc is a China-based pet food company traded on the Nasdaq under the symbol PETZ. The company focuses on the development, manufacture and sale of food products for household pets, primarily dogs and cats.

Its product portfolio includes pet food and pet treats, with offerings designed to address everyday feeding and snack needs. The company distributes its products through sales channels serving the Chinese pet-care market.

TDH Holdings has historically operated from China and has positioned its business within the country’s growing companion-animal and pet-products industry.