Shineco (NASDAQ:SISI) Trading Up 23.8% – Should You Buy?

Shineco, Inc. (NASDAQ:SISI) shares traded up 23.8% during mid-day trading on Thursday . The stock traded as high as $1.27 and last traded at $1.25. 350,122 shares were traded during trading, an increase of 173% from the average session volume of 128,169 shares. The stock had previously closed at $1.01.

Shineco Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.75 and a current ratio of 0.86. The stock’s 50 day moving average is $1.19 and its two-hundred day moving average is $2.90.

Shineco (NASDAQ:SISI) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.90) earnings per share for the quarter. Shineco had a negative net margin of 245.08% and a negative return on equity of 64.49%. The firm had revenue of $3.05 million during the quarter.

Hedge Funds Weigh In On Shineco

An institutional investor recently bought a new position in Shineco stock. Powell Investment Advisors LLC purchased a new position in shares of Shineco, Inc. (NASDAQ:SISI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,500 shares of the company’s stock, valued at approximately $52,000. Powell Investment Advisors LLC owned approximately 0.66% of Shineco at the end of the most recent reporting period. Institutional investors and hedge funds own 4.08% of the company’s stock.

Shineco Company Profile

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.