Shineco (NASDAQ:SISI) Trading 4.4% Higher

Shineco, Inc. (NASDAQ:SISIGet Free Report)’s stock price was up 4.4% during trading on Thursday . The stock traded as high as $0.15 and last traded at $0.14. Approximately 326,394 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 739,224 shares. The stock had previously closed at $0.14.

Shineco Price Performance

The firm’s fifty day moving average is $0.12 and its 200-day moving average is $0.14. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.02.

Shineco (NASDAQ:SISIGet Free Report) last issued its earnings results on Tuesday, November 14th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $1.65 million for the quarter.

Institutional Trading of Shineco

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in shares of Shineco during the first quarter valued at approximately $353,000. Jane Street Group LLC purchased a new position in Shineco during the fourth quarter worth approximately $50,000. Marshall Wace LLP purchased a new position in Shineco during the fourth quarter worth approximately $34,000. Finally, Virtu Financial LLC purchased a new position in Shineco during the first quarter worth approximately $28,000. 0.97% of the stock is currently owned by institutional investors and hedge funds.

About Shineco

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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.

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