Pingtan Marine Enterprise (NASDAQ:PME) Stock Crosses Above 50-Day Moving Average of $2.15

Pingtan Marine Enterprise Ltd (NASDAQ:PME)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.15 and traded as high as $2.03. Pingtan Marine Enterprise shares last traded at $2.01, with a volume of 2,902 shares changing hands.

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 firm has a market capitalization of $159.69 million, a PE ratio of 6.73 and a beta of 0.28. The company has a fifty day moving average price of $2.14 and a two-hundred day moving average price of $2.29.

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

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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