Shineco (NASDAQ:SISI) Trading Down 6.8% – Should You Sell?

Shineco (NASDAQ:SISI)’s stock price traded down 6.8% during trading on Tuesday . The stock traded as low as $0.2050 and last traded at $0.2050. 2,226 shares traded hands during trading, a decline of 99% from the average session volume of 182,033 shares. The stock had previously closed at $0.22.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Shineco in a report on Wednesday, October 8th. Wall Street Zen lowered Shineco from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Shineco currently has a consensus rating of “Sell”.

Shineco Trading Down 6.8%

The business’s 50 day moving average price is $0.36 and its two-hundred day moving average price is $4.71. The stock has a market cap of $85,075.00, a P/E ratio of 0.00 and a beta of -1.32.

Shineco Company Profile

Shineco, Inc (NASDAQ: SISI) is a China-based manufacturer focused on the research, development, production and sale of automotive refinish coatings. The company’s product line includes primers, basecoats, clearcoats and specialty coatings designed for collision repair shops, auto body refinishing centers and industrial finishing applications. Shineco’s formulations aim to meet stringent quality and environmental standards, offering high adhesion, durability and color consistency.

In addition to its core automotive refinish business, Shineco produces protective and specialty coatings for a range of substrates, including metal, wood and plastics.