Planet Green (NYSEAMERICAN:PLAG) Trading 12.4% Higher – Still a Buy?

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG)’s share price was up 12.4% on Wednesday . The stock traded as high as $0.6422 and last traded at $0.59. Approximately 253,683 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 3,786,393 shares. The stock had previously closed at $0.5250.

Planet Green Price Performance

The company has a market cap of $5.27 million, a price-to-earnings ratio of -1.48 and a beta of 1.12. The firm has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $1.91.

Planet Green (NYSEAMERICAN:PLAG) last announced its quarterly earnings results on Saturday, May 16th. The company reported $0.04 EPS 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.