Pingtan Marine Enterprise Ltd. shares had a trading volume of 253K in the last trading session. Trading volume was up 170.27% over the stocks average daily volume.
Short traders are more bullish on shares of the company lately if you put credence in the motion in short interest. The firm realized a fall in short interest of -30.15% between September 29, 2017 and October 13, 2017. Short shares decreased 126,037 over that timeframe. The days to cover increased to 3.0 and the percentage of shorted shares is 0.00% as of October 13.
Pingtan Marine Enterprise Ltd. (NASDAQ:PME) has been the object of insider buying activity recently. CEO Xinrong Zhuo disclosed the purchase of 20,000 shares. The shares were purchased at an average price of $3.38. Zhuo now owns $150,485,560 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (PME). As of the end of the quarter Jpmorgan Chase & Co had acquired a total of 298 shares growing its stake by 38.1%. The value of the company’s investment in Pingtan Marine Enterprise Ltd. went from $4,000 to $4,000 a change of 0.0% since the last quarter. As of quarter end Morgan Stanley had sold 49,845 shares trimming its position 100.0%. The value of the investment in PME decreased from $239,000 to $0 a change of $239,000 for the reporting period.
As of the end of the quarter Invesco Ltd. had acquired a total of 15,767 shares growing its holdings by 10.4%. The value of the investment in (PME) decreased from $727,000 to $661,000 decreasing 9.1% quarter over quarter. As of quarter end Ubs Group Ag had bought 2,813 shares growing its stake by 162.3%. The value of the investment in Pingtan Marine Enterprise Ltd. increased from $8,000 to $18,000 increasing 125.0% quarter to quarter.
The company is up from yesterday’s close of $3.00. Pingtan Marine Enterprise Ltd. recently declared a dividend for shareholders paid on Tuesday the 15th of August 2017. The dividend payment was $0.010 per share for the quarter or $0.04 on an annualized basis. This dividend amount represented a yield of $1.44. The ex-dividend date was Thursday the 27th of July 2017.
Shares last traded at $3.00 which is marginally under the 50 day moving average of $3.10 and which is significantly lower than the 200 day moving average of $3.61. The 50 day moving average was down $-0.10 or -3.33% and the 200 day average moved down $-0.61.
The most current P/E ratio is 16.39 and the market value is 237.17M.
Pingtan Marine Enterprise Ltd., launched on January 18, 2010, 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. As of December 31, 2016, the Company owned 91 trawlers, 15 drifters, three light luring seine vessels, two squid jigging vessels and had exclusive operating license rights to 20 drifters..