Pingtan Marine Enterprise (PME) Posts Earnings Results

Pingtan Marine Enterprise (NASDAQ:PME) issued its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, Morningstar.com reports. The business had revenue of $14.69 million for the quarter. Pingtan Marine Enterprise had a return on equity of 11.49% and a net margin of 31.50%.

NASDAQ:PME traded up $0.10 during mid-day trading on Friday, hitting $2.67. 52,875 shares of the company’s stock traded hands, compared to its average volume of 88,081. Pingtan Marine Enterprise has a 12 month low of $1.71 and a 12 month high of $4.20. The company has a market cap of $189.73 million, a price-to-earnings ratio of 10.91 and a beta of 0.06. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 0.09.

A hedge fund recently bought a new stake in Pingtan Marine Enterprise stock. Spark Investment Management LLC bought a new stake in shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 38,400 shares of the company’s stock, valued at approximately $124,000. 0.83% of the stock is currently owned by institutional investors.

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About Pingtan Marine Enterprise

Pingtan Marine Enterprise Ltd. engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon fish, croaker fish, pomfret, Spanish mackerel, Reefcod, conger eel, and squid with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans.

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Earnings History for Pingtan Marine Enterprise (NASDAQ:PME)

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