Pingtan Marine Enterprise (NASDAQ:PME) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Pingtan Marine Enterprise (NASDAQ:PMEGet Rating) in a research report report published on Monday. The firm issued a sell rating on the stock.

Pingtan Marine Enterprise Stock Performance

Shares of PME stock opened at $0.97 on Monday. The company has a market capitalization of $83.74 million, a P/E ratio of -24.35 and a beta of -0.95. Pingtan Marine Enterprise has a fifty-two week low of $0.42 and a fifty-two week high of $1.12. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.76 and a current ratio of 0.99. The stock has a 50 day moving average price of $0.98 and a two-hundred day moving average price of $0.79.

Pingtan Marine Enterprise (NASDAQ:PMEGet Rating) last announced its quarterly earnings results on Tuesday, May 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $62.81 million during the quarter. Pingtan Marine Enterprise had a negative return on equity of 23.39% and a negative net margin of 1.51%.

Institutional Trading of Pingtan Marine Enterprise

An institutional investor recently raised its position in Pingtan Marine Enterprise stock. Virtu Financial LLC lifted its position in Pingtan Marine Enterprise Ltd. (NASDAQ:PMEGet Rating) by 18.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,964 shares of the company’s stock after acquiring an additional 15,387 shares during the period. Virtu Financial LLC owned 0.11% of Pingtan Marine Enterprise worth $62,000 as of its most recent SEC filing. 0.22% 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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