Pingtan Marine Enterprise Ltd. (PME) Announces Quarterly Earnings Results
Pingtan Marine Enterprise Ltd. (NASDAQ:PME) posted its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, Morningstar.com reports. Pingtan Marine Enterprise had a net margin of 22.89% and a return on equity of 9.61%. The business had revenue of $35.70 million for the quarter.
Pingtan Marine Enterprise (NASDAQ:PME) traded down 6.08% during mid-day trading on Friday, hitting $3.40. 559,409 shares of the stock traded hands. The company’s 50 day moving average is $3.97 and its 200 day moving average is $3.92. Pingtan Marine Enterprise has a 12 month low of $0.84 and a 12 month high of $5.18. The company has a market cap of $268.79 million, a P/E ratio of 212.50 and a beta of 0.97.
The company also recently announced a special dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.01 dividend. This represents a yield of 0.96%. The ex-dividend date is Thursday, July 27th. Pingtan Marine Enterprise’s dividend payout ratio is presently 25.00%.
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About Pingtan Marine Enterprise
Pingtan Marine Enterprise Ltd. is a marine enterprises company. The Company is primarily engaging in ocean fishing through its operating subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd. (Pingtan Fishing). The Company harvests a range of fish species with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans.
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