Pingtan Marine Enterprise (NASDAQ:PME) Trading 10.7% Higher

Pingtan Marine Enterprise Ltd (NASDAQ:PME)’s share price traded up 10.7% during mid-day trading on Friday . The company traded as high as $2.88 and last traded at $2.79. 124,844 shares were traded during mid-day trading, an increase of 418% from the average session volume of 24,091 shares. The stock had previously closed at $2.52.

The firm’s 50-day moving average price is $2.22. The firm has a market capitalization of $220.56 million, a P/E ratio of 9.96 and a beta of -0.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.12.

About Pingtan Marine Enterprise (NASDAQ:PME)

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon and croaker fish, Peru squid, Argentina squid, sailfish, chub mackerel, cuttlefish, and pomfret with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, the Arafura Sea of Indonesia, the international waters of Atlantic and Pacific Oceans, and the international waters of Indian Ocean.

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