Planet Green (NYSE:PLAG) Shares Up 8.9% – Here’s What Happened

Planet Green Holdings Corp. (NYSE:PLAG) shares shot up 8.9% during mid-day trading on Thursday . The company traded as high as $2.36 and last traded at $2.07. 301,384 shares changed hands during mid-day trading, an increase of 1,781% from the average session volume of 16,024 shares. The stock had previously closed at $1.90.

Planet Green Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $2.33 and a 200 day moving average price of $2.24. The firm has a market cap of $14.57 million, a PE ratio of -5.26 and a beta of -0.61.

Institutional Trading of Planet Green

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Planet Green in the fourth quarter worth approximately $46,000. Citadel Advisors LLC acquired a new position in shares of Planet Green in the 4th quarter valued at $63,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Planet Green during the 3rd quarter worth $53,000. Finally, Two Sigma Securities LLC purchased a new stake in Planet Green in the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 0.28% of the company’s stock.

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.