Shares of Shineco Inc (NASDAQ:TYHT) saw strong trading volume on Wednesday . 1,247,200 shares traded hands during mid-day trading, an increase of 235% from the previous session’s volume of 372,347 shares.The stock last traded at $0.84 and had previously closed at $0.72.
The firm has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.62.
Shineco (NASDAQ:TYHT) last released its quarterly earnings data on Friday, September 27th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $7.55 million for the quarter. Shineco had a negative return on equity of 2.25% and a negative net margin of 5.31%.
About Shineco (NASDAQ:TYHT)
Shineco, Inc, a holding company, 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.
Featured Story: What is a Special Dividend?
Receive News & Ratings for Shineco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shineco and related companies with MarketBeat.com's FREE daily email newsletter.