Pingtan Marine Enterprise (NASDAQ:PME) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
Shares of Pingtan Marine Enterprise (NASDAQ:PME) opened at $3.57 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.14. Pingtan Marine Enterprise has a twelve month low of $1.99 and a twelve month high of $5.18. The company has a market capitalization of $281.44, a P/E ratio of 8.93 and a beta of 0.91.
Pingtan Marine Enterprise (NASDAQ:PME) last posted its earnings results on Wednesday, November 8th. The company reported $0.08 earnings per share for the quarter. Pingtan Marine Enterprise had a net margin of 52.56% and a return on equity of 23.63%.
Pingtan Marine Enterprise Company Profile
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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