TDH (NASDAQ:PETZ) Trading Down 4.8% – Here’s Why

Shares of TDH Holdings, Inc. (NASDAQ:PETZ) traded down 4.8% during mid-day trading on Friday . The stock traded as low as $1.1820 and last traded at $1.1897. 4,295 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 77,831 shares. The stock had previously closed at $1.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of TDH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

TDH Trading Down 4.8%

The business’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.19.

Institutional Investors Weigh In On TDH

An institutional investor recently bought a new position in TDH stock. Citadel Advisors LLC bought a new position in shares of TDH Holdings, Inc. (NASDAQ:PETZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,361 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.33% of TDH at the end of the most recent quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

About TDH

PETZ Ltd. (NASDAQ: PETZ) is a leading specialty retailer in the pet care sector, offering a comprehensive range of products and services for companion animals. The company’s retail footprint spans both brick-and-mortar stores and an e-commerce platform, providing customers with pet food, accessories, supplies and healthcare solutions. In addition to its merchandise offerings, PETZ operates in-store veterinary clinics, grooming salons and boarding facilities, positioning itself as a one-stop destination for pet owners seeking convenience and expertise.

Founded in 2002 by Aristides V.