Planet Green (NYSE:PLAG) Shares Up 6.8% – What’s Next?

Planet Green Holdings Corp. (NYSE:PLAG) traded up 6.8% on Friday . The company traded as high as $1.38 and last traded at $1.26. 45,866 shares traded hands during trading, an increase of 116% from the average session volume of 21,207 shares. The stock had previously closed at $1.18.

Planet Green Stock Up 6.8 %

The stock has a 50 day moving average price of $1.99 and a 200 day moving average price of $2.21. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.18 million, a price-to-earnings ratio of -3.32 and a beta of 0.30.

Hedge Funds Weigh In On Planet Green

Several institutional investors have recently added to or reduced their stakes in PLAG. Renaissance Technologies LLC bought a new position in shares of Planet Green during the 4th quarter worth $46,000. Citadel Advisors LLC purchased a new position in shares of Planet Green in the fourth quarter worth $63,000. Garden State Investment Advisory Services LLC purchased a new stake in Planet Green in the 3rd quarter worth approximately $53,000. Finally, Two Sigma Securities LLC bought a new position in Planet Green in the fourth quarter worth about $99,000. 0.28% of the stock is owned by institutional investors and hedge funds.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products.