What Can We Expect Following a Pingtan Marine Enterprise (NASDAQ:PME) Downgrade By BidaskScore?

Pingtan Marine Enterprise (NASDAQ:PME) Receives a Downgrade

Research analysts at the BidaskScore equities division lowered the rating of Pingtan Marine Enterprise (NASDAQ:PME) shares to a Sell on Sunday morning.

The stock decreased 4.62% or $0.11 during the last trading session, reaching $2.27. About 89,703 shares traded or 120.42% up from the average. Pingtan Marine Enterprise Ltd. (NASDAQ:PME) has declined 30.43% since March 17, 2018 and is downtrending. It has underperformed by 34.80% the S&P500.

Pingtan Marine Enterprise Ltd. engages in the ocean fishing business. The company has market cap of $179.46 million. The firm harvests a range of fish species, such as ribbon fish, croaker fish, pomfret, Spanish mackerel, Reefcod, conger eel, and squid with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans. It has a 13.43 P/E ratio. As of December 31, 2017, it owned 91 trawlers, 15 drifters, 6 squid jigging vessels, 4 longline fishing vessels, 3 light luring seine vessels, and 1 transport vessel, as well as had operating license rights to 20 drifters.

More notable recent Pingtan Marine Enterprise Ltd. (NASDAQ:PME) news were published by: Finance.Yahoo.com which released: “Implied Volatility Surging for Advanced Micro Devices (AMD) Stock Options – Yahoo Finance” on August 23, 2018, also Nasdaq.com with their article: “SuperSonic Imagine will present its Aixplorer® MACH 30 ultrasound system at the 25th European Congress of Radiology (ECR 2019) – Nasdaq” published on February 21, 2019, Globenewswire.com published: “ERYTECH Pharma Reports Voting Results from Annual General Meeting Held on June 28, 2018 – GlobeNewswire” on July 17, 2018. More interesting news about Pingtan Marine Enterprise Ltd. (NASDAQ:PME) were released by: Finance.Yahoo.com and their article: “Morgan Stanley Stays Neutral On Lumentum, But Sees Path To Bull Case – Yahoo Finance” published on January 14, 2019 as well as Nasdaq.com‘s news article titled: “TOUAX : Revenues from activities 2018 – Nasdaq” with publication date: February 22, 2019.

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