Pingtan Marine Enterprise (PME) Upgraded at BidaskClub

Pingtan Marine Enterprise (NASDAQ:PME) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Pingtan Marine Enterprise (NASDAQ PME) traded down $0.09 during midday trading on Wednesday, hitting $3.73. 410,200 shares of the stock were exchanged, compared to its average volume of 309,200. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.14. The firm has a market cap of $286.18, a PE ratio of 8.88 and a beta of 0.96. Pingtan Marine Enterprise has a one year low of $1.68 and a one year high of $5.18.

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Pingtan Marine Enterprise Company Profile

Pingtan Marine Enterprise Ltd. is a marine enterprises company. The Company is primarily engaging in ocean fishing through its operating subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co, Ltd. (Pingtan Fishing). The Company harvests a range of fish species 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.

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