Planet Green (NYSE:PLAG) Shares Down 1.3% – Should You Sell?

Planet Green Holdings Corp. (NYSE:PLAG) dropped 1.3% on Wednesday . The stock traded as low as $2.24 and last traded at $2.24. Approximately 8,588 shares traded hands during mid-day trading, an increase of 43% from the average daily volume of 6,019 shares. The stock had previously closed at $2.27.

Planet Green Stock Performance

The company has a market capitalization of $16.31 million, a price-to-earnings ratio of -5.89 and a beta of -0.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.53 and a current ratio of 0.59. The firm has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $2.20.

Hedge Funds Weigh In On Planet Green

Several institutional investors have recently bought and sold shares of PLAG. Citadel Advisors LLC acquired a new position in shares of Planet Green during the fourth quarter worth about $63,000. Two Sigma Securities LLC acquired a new position in shares of Planet Green during the fourth quarter worth about $99,000. Renaissance Technologies LLC acquired a new position in shares of Planet Green during the fourth quarter worth about $46,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of Planet Green during the third quarter worth about $53,000. 0.28% of the stock is owned by institutional investors and hedge funds.

Planet Green Company Profile

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.