Pingtan Marine Enterprise (NASDAQ:PME) Share Price Passes Below 200-Day Moving Average of $2.31

Shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.31 and traded as low as $2.14. Pingtan Marine Enterprise shares last traded at $2.14, with a volume of 98 shares.

The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $2.37 and its 200 day moving average is $2.31. The stock has a market capitalization of $170.76 million, a PE ratio of 7.20 and a beta of 0.31.

Pingtan Marine Enterprise (NASDAQ:PME) last released its quarterly earnings results on Friday, August 9th. The company reported $0.06 EPS for the quarter. Pingtan Marine Enterprise had a net margin of 14.67% and a return on equity of 15.49%. The firm had revenue of $25.46 million during the quarter.

Pingtan Marine Enterprise Company Profile (NASDAQ:PME)

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon and croaker fish, Peru squid, Argentina squid, sailfish, chub mackerel, cuttlefish, and pomfret with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, the Arafura Sea of Indonesia, the international waters of Atlantic and Pacific Oceans, and the international waters of Indian Ocean.

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