Farrell Leigh Acquires 740 Shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) Stock

Pingtan Marine Enterprise Ltd (NASDAQ:PME) insider Farrell Leigh acquired 740 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $26.49 per share, with a total value of $19,601.86.

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Shares of Pingtan Marine Enterprise stock traded down $0.09 on Wednesday, hitting $1.14. The company had a trading volume of 200 shares, compared to its average volume of 19,105. Pingtan Marine Enterprise Ltd has a 52 week low of $1.20 and a 52 week high of $2.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.75 and a quick ratio of 0.57. The business has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $2.15. The company has a market cap of $102.78 million, a PE ratio of 7.20 and a beta of 0.27.

PME has been the topic of several recent research reports. TheStreet downgraded shares of Pingtan Marine Enterprise from a “c” rating to a “d+” rating in a research report on Wednesday, November 27th. ValuEngine upgraded Pingtan Marine Enterprise from a “hold” rating to a “buy” rating in a research report on Wednesday.

About Pingtan Marine Enterprise

Pingtan Marine Enterprise Ltd., through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd., engages in the ocean fishing business. The company harvests a range of fish species, such as ribbon and croaker fish, Peru squid, Argentina squid, sailfish, chub mackerel, cuttlefish, and pomfret with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, the Arafura Sea of Indonesia, the international waters of Atlantic and Pacific Oceans, and the international waters of Indian Ocean.

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