StockNews.com started coverage on shares of Pingtan Marine Enterprise (NASDAQ:PME – Get Rating) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the stock.
Pingtan Marine Enterprise Stock Performance
NASDAQ:PME opened at $0.60 on Tuesday. Pingtan Marine Enterprise has a 12 month low of $0.42 and a 12 month high of $1.12. The stock has a market capitalization of $51.56 million, a PE ratio of -15.00 and a beta of -0.77. The company has a current ratio of 0.75, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27. The firm's 50 day moving average is $0.77 and its 200 day moving average is $0.89.
Get Pingtan Marine Enterprise alerts:Institutional Trading of Pingtan Marine Enterprise
Several hedge funds have recently added to or reduced their stakes in PME. Virtu Financial LLC raised its stake in shares of Pingtan Marine Enterprise by 18.9% during the first quarter. Virtu Financial LLC now owns 96,964 shares of the company's stock valued at $62,000 after acquiring an additional 15,387 shares during the last quarter. Renaissance Technologies LLC raised its position in 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, UBS Group AG raised its position in Pingtan Marine Enterprise by 299.6% in the third quarter. UBS Group AG now owns 41,847 shares of the company's stock worth $35,000 after acquiring an additional 31,375 shares during the period. 0.43% of the stock is owned by institutional investors.
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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