Planet Green (NYSE:PLAG) Trading Up 6.8% – Still a Buy?

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

Planet Green Price Performance

The company has a market cap of $9.18 million, a P/E ratio of -3.32 and a beta of 0.30. The firm has a 50 day moving average of $1.99 and a 200-day moving average of $2.21. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLAG. Garden State Investment Advisory Services LLC acquired a new stake in shares of Planet Green during the third quarter worth $53,000. Renaissance Technologies LLC purchased a new stake in shares of Planet Green during the 4th quarter worth about $46,000. Two Sigma Securities LLC purchased a new position in Planet Green during the fourth quarter worth approximately $99,000. Finally, Citadel Advisors LLC purchased a new stake in Planet Green in the 4th quarter worth $63,000. Institutional investors own 0.28% of the company’s stock.

About Planet Green

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.