Shineco (NASDAQ:SISI) Announces Earnings Results

Shineco (NASDAQ:SISI) announced its quarterly earnings results on Friday. The company reported ($0.90) earnings per share (EPS) for the quarter, Zacks reports. Shineco had a negative net margin of 288.85% and a negative return on equity of 67.56%.

Shineco Stock Down 1.6 %

Shares of NASDAQ:SISI opened at $1.25 on Friday. Shineco has a 12-month low of $1.19 and a 12-month high of $117.65. The business has a 50 day moving average of $1.99 and a two-hundred day moving average of $5.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.75.

Shineco Company Profile

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.