Research analysts at StockNews.com began coverage on shares of Pingtan Marine Enterprise (NASDAQ:PME – Get Rating) in a note issued to investors on Sunday. The firm set a "sell" rating on the stock.
Pingtan Marine Enterprise Stock Performance
Pingtan Marine Enterprise stock opened at $0.70 on Friday. The company has a market cap of $60.16 million, a PE ratio of -17.50 and a beta of -0.77. Pingtan Marine Enterprise has a twelve month low of $0.42 and a twelve month high of $1.12. The company's 50-day moving average price is $0.86 and its 200-day moving average price is $0.91. The company has a quick ratio of 0.50, a current ratio of 0.75 and a debt-to-equity ratio of 2.27.
Get Pingtan Marine Enterprise alerts:Institutional Investors Weigh In On Pingtan Marine Enterprise
Several hedge funds have recently modified their holdings of PME. UBS Group AG increased its stake in Pingtan Marine Enterprise by 299.6% during the 3rd quarter. UBS Group AG now owns 41,847 shares of the company's stock valued at $35,000 after purchasing an additional 31,375 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Pingtan Marine Enterprise by 222.0% in the second quarter. Renaissance Technologies LLC now owns 122,021 shares of the company's stock worth $109,000 after acquiring an additional 84,121 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of Pingtan Marine Enterprise by 18.9% in the first quarter. Virtu Financial LLC now owns 96,964 shares of the company's stock worth $62,000 after acquiring an additional 15,387 shares during the period. Hedge funds and other institutional investors own 0.43% of the company's stock.
Pingtan Marine Enterprise Company Profile
(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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