StockNews.com initiated coverage on shares of Pingtan Marine Enterprise (NASDAQ:PME – Get Rating) in a research report released on Friday. The firm issued a sell rating on the stock.
Pingtan Marine Enterprise Stock Performance
PME traded up $0.02 during trading on Friday, hitting $0.82. 26,202 shares of the company's stock traded hands, compared to its average volume of 42,708. Pingtan Marine Enterprise has a 12-month low of $0.42 and a 12-month high of $1.12. The company's 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $0.90.
Get Pingtan Marine Enterprise alerts:Institutional Inflows and Outflows
A hedge fund recently raised its stake in Pingtan Marine Enterprise stock. Renaissance Technologies LLC grew its stake in Pingtan Marine Enterprise Ltd. (NASDAQ:PME – Get Rating) by 222.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 122,021 shares of the company's stock after acquiring an additional 84,121 shares during the period. Renaissance Technologies LLC owned about 0.14% of Pingtan Marine Enterprise worth $109,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.43% of the company's stock.
About Pingtan Marine Enterprise
(Get Rating)Pingtan Marine Enterprise Ltd., together with its subsidiaries, engages in the ocean fishing business. The company catches a range of fish species, such as red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret and seaperch, slender shad, sole fish, Spanish mackerel, and threadfin. As of December 31, 2021, it owned 51 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, four longline fishing vessels, and 3 transport vessels, as well as had operating license rights to 20 drifters.
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