Pingtan Marine Enterprise (PME) Stock Rating Lowered by BidaskClub

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%.

TRADEMARK VIOLATION WARNING: “Pingtan Marine Enterprise (PME) Stock Rating Lowered by BidaskClub” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/20/pingtan-marine-enterprise-pme-stock-rating-lowered-by-bidaskclub.html.

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.

Receive News & Ratings for Pingtan Marine Enterprise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pingtan Marine Enterprise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply