Planet Green (PLAG) Stock Forecast, Price & News

Planet Green Holdings Corp., through its subsidiaries, grows, manufactures, and distributes brick, black, and green tea products in China and internationally. It also imports and distributes beef products; and engages in the research, development, manufacture, and sale of chemical products, including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives, and clean fuel. In addition, the company researches, develops, and manufactures skid-mounted refueling and LNG cryogenic equipment, as well as oil storage tanks. Further, it operates an online demand-side platform, a system that allows buyers of digital advertising inventory to manage multiple advertisement exchange and data exchange. The company was formerly known as American Lorain Corporation and changed its name to Planet Green Holdings Corp. in September 2018. Planet Green Holdings Corp. was incorporated in 1986 and is headquartered in Flushing, New York.

Planet Green Stock Up 10.1 %

Shares of PLAG opened at $0.90 on Friday. Planet Green has a fifty-two week low of $0.34 and a fifty-two week high of $1.69. The firm's 50 day moving average price is $0.84 and its 200 day moving average price is $0.83. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 0.01.

Planet Green (NYSE:PLAG - Get Rating) last announced its earnings results on Friday, May 13th. The company reported ($0.03) earnings per share for the quarter. Planet Green had a negative return on equity of 19.03% and a negative net margin of 20.51%. The business had revenue of $11.98 million for the quarter.

Insider Buying and Selling

In other news, CEO Bin Zhou acquired 4,800,000 shares of the company's stock in a transaction on Friday, July 22nd. The shares were bought at an average cost of $1.50 per share, with a total value of $7,200,000.00. Following the transaction, the chief executive officer now owns 9,062,000 shares in the company, valued at approximately $13,593,000. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.06% of the stock is owned by insiders.