Planet Image International (NASDAQ:YIBO) Trading Down 5.4% – What’s Next?

Shares of Planet Image International Limited (NASDAQ:YIBO) were down 5.4% during trading on Thursday . The company traded as low as $1.10 and last traded at $1.0220. 1,743 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 13,647 shares. The stock had previously closed at $1.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Planet Image International in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Planet Image International currently has a consensus rating of “Sell”.

Planet Image International Stock Down 5.4%

The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $0.99 and its 200-day moving average price is $0.99.

Planet Image International (NASDAQ:YIBO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. The business had revenue of $40.37 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Planet Image International stock. SmartHarvest Portfolios LLC purchased a new position in shares of Planet Image International Limited (NASDAQ:YIBO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Company Profile

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.