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.