Pingtan Marine Enterprise (NASDAQ:PME) Share Price Crosses Above 50-Day Moving Average of $2.52

Pingtan Marine Enterprise Ltd (NASDAQ:PME)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.52 and traded as high as $2.49. Pingtan Marine Enterprise shares last traded at $2.38, with a volume of 1,545 shares changing hands.

The stock has a market cap of $213.45 million, a P/E ratio of 9.64 and a beta of 0.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.12. The stock’s 50-day simple moving average is $2.52.

About Pingtan Marine Enterprise (NASDAQ:PME)

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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