Pingtan Marine Enterprise Ltd (PME) stock has risen 18.32% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PME Stock Today?
Pingtan Marine Enterprise Ltd (PME) stock has gained 4.82% while the S&P 500 is down -0.46% as of 1:25 PM on Monday, Oct 19. PME is higher by $0.11 from the previous closing price of $2.28 on volume of 61,095 shares. Over the past year the S&P 500 has risen 15.34% while PME is higher by 18.32%. PME earned $0.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.81.
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More About Pingtan Marine Enterprise Ltd
Pingtan Marine Enterprise Ltd is a marine enterprises group primarily engaging in ocean fishing. The company provides high-quality seafood to a diverse group of customers including distributors, restaurant owners and exporters in the China. It 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. Pingtan derives revenue primarily from the sales of frozen seafood products.
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