Planet Green (NYSEAMERICAN:PLAG) Shares Down 1.9% – Here’s What Happened

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG)’s share price dropped 1.9% on Friday . The company traded as low as $1.55 and last traded at $1.55. Approximately 3,103 shares traded hands during trading, a decline of 91% from the average daily volume of 34,756 shares. The stock had previously closed at $1.58.

Planet Green Trading Down 1.9%

The business has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $2.20. The firm has a market capitalization of $14.54 million, a price-to-earnings ratio of -4.08 and a beta of 1.17.

Planet Green (NYSEAMERICAN:PLAG) last announced its quarterly earnings results on Saturday, May 16th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $6.36 million for the quarter. Planet Green had a negative return on equity of 1,172.32% and a negative net margin of 299.99%.

About Planet Green

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.