NASDAQ:PME

Pingtan Marine Enterprise - PME Stock Forecast, Price & News

$0.95

+0.04 (+4.38%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $0.94
▼
$0.96
50-Day Range: $0.84
▼
$1.06
52-Week Range: $0.42
▼
$1.12

Volume: 36,806 shs
Average Volume: 200,701 shs
Market Capitalization: $81.90 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

About Pingtan Marine Enterprise (NASDAQ:PME) Stock

Pingtan Marine Enterprise Ltd., together with its subsidiaries, engages in the ocean fishing business. The company catches a range of fish species, such as red fish, ribbon fish, sea catfish, seabream, shrimp, silver pomfret and seaperch, slender shad, sole fish, Spanish mackerel, and threadfin. As of December 31, 2021, it owned 51 squid jigging vessels, 26 trawlers, 25 seine vessels, 13 drifters, four longline fishing vessels, and 3 transport vessels, as well as had operating license rights to 20 drifters. The company serves various customers, including distributors, restaurant owners, and exporters in the People's Republic of China. Pingtan Marine Enterprise Ltd. is based in Fuzhou, the People's Republic of China.

Pingtan Marine Enterprise Trading Down 8.5 %

Shares of NASDAQ:PME opened at $0.92 on Tuesday. Pingtan Marine Enterprise has a 12 month low of $0.42 and a 12 month high of $1.12. The company has a market cap of $78.64 million, a price-to-earnings ratio of -22.87 and a beta of -0.86. The company has a quick ratio of 0.76, a current ratio of 0.99 and a debt-to-equity ratio of 2.61. The business has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $0.81.

Pingtan Marine Enterprise (NASDAQ:PME - Get Rating) last posted its quarterly earnings results on Tuesday, May 17th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $62.81 million for the quarter. Pingtan Marine Enterprise had a negative net margin of 1.51% and a negative return on equity of 23.39%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Pingtan Marine Enterprise in a report on Tuesday, August 9th. They issued a "sell" rating for the company.

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PME Stock News Headlines

August 10, 2022 | americanbankingnews.com

Pingtan Marine Enterprise (NASDAQ:PME) Receives New Coverage from Analysts at StockNews.com

August 5, 2022 | americanbankingnews.com

Pingtan Marine Enterprise Ltd. (NASDAQ:PME) Short Interest Update

August 4, 2022 | americanbankingnews.com

Pingtan Marine Enterprise (NASDAQ:PME) Research Coverage Started at StockNews.com

August 3, 2022 | nasdaq.com

The past five years for Pingtan Marine Enterprise (NASDAQ:PME) investors has not been profitable

August 3, 2022 | finance.yahoo.com

Pingtan Marine Enterprise (NASDAQ:PME) investors are sitting on a loss of 75% if they invested five years ago

July 26, 2022 | americanbankingnews.com

Pingtan Marine Enterprise (NASDAQ:PME) Coverage Initiated at StockNews.com

July 5, 2022 | finance.yahoo.com

Pingtan Marine Enterprise Regains Compliance with NASDAQ Minimum Bid Price Requirement

May 17, 2022 | finance.yahoo.com

PINGTAN MARINE ENTERPRISE REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2021

December 29, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Announces Results of Annual General Meeting

December 20, 2021 | finance.yahoo.com

Pingtan Marine Enterprise to Hold Annual General Meeting of Members on December 23, 2021

November 16, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2021

November 16, 2021 | finance.yahoo.com

Shareholders in Pingtan Marine Enterprise (NASDAQ:PME) have lost 72%, as stock drops 10% this past week

October 19, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Receives Nasdaq's Determination Letter

May 28, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Ltd. Receives Nasdaq Notice of Additional Delinquency

April 19, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Receives Notification From Nasdaq Related To Delayed Annual Report On Form 10-K

March 30, 2021 | finance.yahoo.com

Pingtan Marine Enterprise's (NASDAQ:PME) Stock Price Has Reduced 63% In The Past Three Years

March 9, 2021 | marketwatch.com

8-K: Pingtan Marine Enterprise Ltd.

March 4, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Ltd. Announces $4,750,000 Registered Direct Offering of Ordinary Shares and Warrants

January 12, 2021 | finance.yahoo.com

Pingtan Marine Enterprise Ltd. Provides Update on Recent $ 4 million Registered Direct Offering and Date of Initial Conversion of First Tranche of Series A Preferred Shares

January 8, 2021 | markets.businessinsider.com

Pingtan Marine Enterprise Ltd. Closes $4.0 Million Registered Direct Offering

December 29, 2020 | finance.yahoo.com

Pingtan Marine Enterprise's 20 Fishing Vessels to Resume Operations in Different Fishing Grounds after Modification and Rebuilding

December 22, 2020 | finance.yahoo.com

Pingtan Marine Enterprise Announces China's Largest Fishery Support Vessel and 6 Squid Jigging Vessels Sailing to Sea

December 17, 2020 | finance.yahoo.com

Is Pingtan Marine Enterprise (NASDAQ:PME) Likely To Turn Things Around?

December 7, 2020 | finance.yahoo.com

Pingtan Marine Enterprise to Hold Annual General Meeting of Members on December 23, 2020

November 12, 2020 | seekingalpha.com

Pingtan Marine Enterprise Ltd. (PME) CEO Xinrong Zhuo on Q3 2020 Results - Earnings Call Transcript

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PME Company Calendar

Last Earnings: 8/10/2015
Today: 8/17/2022
Next Earnings (Estimated): 10/18/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fishing, hunting & trapping
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NASDAQ:PME
CUSIP: N/A
CIK: 1517130
Web: www.ptmarine.com
Phone: 8659187271266
Fax: N/A
Employees: 2,356
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,480,000.00
Net Margins: -1.51%
Pretax Margin: -1.45%
Return on Equity: -23.39%
Return on Assets: -3.60%

Debt

Debt-to-Equity Ratio: 2.61
Current Ratio: 0.99
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $164.08 million
Price / Sales: 0.50
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.07 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 85,941,000
Free Float: 40,564,000
Market Cap: $81.90 million
Optionable: Not Optionable
Beta: -0.86

Key Executives

Mr. Xinrong Zhuo (Age 58)
Chairman & CEO
Mr. LiMing Yung (Age 58)
Chief Financial Officer
Maggie Li
Investor Relations Mang.

Key Competitors

View All Competitors

Insiders & Institutions

Renaissance Technologies LLC
Bought 84,121 shares on 8/13/2022
Ownership: 0.142%

View All Insider Transactions
View All Institutional Transactions

PME Stock - Frequently Asked Questions

How have PME shares performed in 2022?: Pingtan Marine Enterprise's stock was trading at $0.5750 at the start of the year. Since then, PME shares have increased by 65.7% and is now trading at $0.9530.
View the best growth stocks for 2022 here.
When is Pingtan Marine Enterprise's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our PME earnings forecast.
How were Pingtan Marine Enterprise's earnings last quarter?: Pingtan Marine Enterprise Ltd. (NASDAQ:PME) announced its quarterly earnings data on Monday, August, 10th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $15.30 million for the quarter, compared to analyst estimates of $59 million. Pingtan Marine Enterprise had a negative trailing twelve-month return on equity of 23.39% and a negative net margin of 1.51%.
What other stocks do shareholders of Pingtan Marine Enterprise own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Pingtan Marine Enterprise investors own include Bombardier, Inc. Class B (BBD.B), Energy Transfer (ET), Kratos Defense & Security Solutions (KTOS), Acorda Therapeutics (ACOR), Sify Technologies (SIFY), Acasti Pharma (ACST), ASE Technology (ASX), Bridgeline Digital (BLIN), CBAK Energy Technology (CBAT) and Cleveland BioLabs (CBLI).

What is Pingtan Marine Enterprise's stock symbol?: Pingtan Marine Enterprise trades on the NASDAQ under the ticker symbol "PME."
Who are Pingtan Marine Enterprise's major shareholders?: Pingtan Marine Enterprise's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (0.14%). Insiders that own company stock include Farrell Leigh, Glenning Anthony and Liming Yung.
View institutional ownership trends.
How do I buy shares of Pingtan Marine Enterprise?: Shares of PME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Pingtan Marine Enterprise's stock price today?: One share of PME stock can currently be purchased for approximately $0.95.
How much money does Pingtan Marine Enterprise make?: Pingtan Marine Enterprise (NASDAQ:PME) has a market capitalization of $81.90 million and generates $164.08 million in revenue each year. The company earns $-2,480,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.
How many employees does Pingtan Marine Enterprise have?: The company employs 2,356 workers across the globe.
How can I contact Pingtan Marine Enterprise?: Pingtan Marine Enterprise's mailing address is 18-19/F ZHONGSHAN BUILDING A NO. 154 HUDONG ROAD, FUZHOU F4, 350001. The official website for the company is www.ptmarine.com. The company can be reached via phone at 8659187271266 or via email at ptmarine@pure-rock.com.

This page (NASDAQ:PME) was last updated on 8/17/2022 by MarketBeat.com Staff

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