Shineco (TYHT) Sets New 12-Month Low at $0.69

Shineco Inc (NASDAQ:TYHT) hit a new 52-week low on Friday . The company traded as low as $0.69 and last traded at $0.71, with a volume of 86372 shares changing hands. The stock had previously closed at $0.79.

The stock has a market cap of $19.35 million, a price-to-earnings ratio of 1.97 and a beta of 1.12.

Shineco (NASDAQ:TYHT) last announced its quarterly earnings data on Monday, October 15th. The company reported ($0.01) earnings per share for the quarter. Shineco had a net margin of 17.29% and a return on equity of 12.89%. The business had revenue of $8.62 million for the quarter.

An institutional investor recently raised its position in Shineco stock. Renaissance Technologies LLC lifted its holdings in shares of Shineco Inc (NASDAQ:TYHT) by 249.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,265 shares of the company’s stock after buying an additional 60,865 shares during the period. Renaissance Technologies LLC owned 0.40% of Shineco worth $143,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.89% of the company’s stock.

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About Shineco (NASDAQ:TYHT)

Shineco, Inc, through its subsidiaries, produces, distributes, and sells health and well-being focused plant-based products in China. It processes and distributes traditional Chinese herbal medicine products, as well as other pharmaceutical products directly to individual customers. The company also plants, processes, and distributes green and organic agricultural produce; and grows, cultivates, and sells yew trees that are used for the production of anti-cancer medication, as well as ornamental bonsai trees for purifying indoor air quality.

See Also: Beta

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