Pingtan Marine Enterprise (NASDAQ:PME) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of Pingtan Marine Enterprise (NASDAQ:PME) from a hold rating to a buy rating in a research note published on Wednesday morning, ValuEngine reports.

Separately, TheStreet lowered shares of Pingtan Marine Enterprise from a c rating to a d+ rating in a research note on Wednesday, November 27th.

NASDAQ:PME opened at $1.05 on Wednesday. The firm’s fifty day moving average is $1.63 and its 200-day moving average is $2.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 0.75. Pingtan Marine Enterprise has a 52 week low of $1.05 and a 52 week high of $2.94. The firm has a market cap of $83.25 million, a P/E ratio of 6.00 and a beta of 0.26.

In related news, insider Glenning Anthony bought 3,435 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $25.46 per share, for a total transaction of $87,455.10. 57.40% of the stock is owned by insiders.

About Pingtan Marine Enterprise

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.

Further Reading: Economic Reports

To view ValuEngine’s full report, visit ValuEngine’s official website.

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