Planet Image International (NASDAQ:YIBO) Shares Cross Above Fifty Day Moving Average – Here’s Why

Planet Image International Limited (NASDAQ:YIBO)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.12 and traded as high as $1.17. Planet Image International shares last traded at $1.13, with a volume of 1,387 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Planet Image International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Planet Image International Price Performance

The firm has a 50-day moving average of $1.12 and a two-hundred day moving average of $1.06. The company has a current ratio of 1.68, a quick ratio of 1.49 and a debt-to-equity ratio of 0.15.

Planet Image International (NASDAQ:YIBO) last released its quarterly earnings data on Wednesday, September 16th. The company reported ($0.01) EPS for the quarter. The business had revenue of $34.64 million during the quarter.

Planet Image International Company Profile

Planet Image International Limited is a China-based provider of compatible printing consumables. Through its operating subsidiaries, the company develops, manufactures and sells products used with printers and imaging equipment, including toner cartridges, ink cartridges and related replacement components. The company primarily focuses on aftermarket products designed to serve customers seeking alternatives to original equipment manufacturer cartridges. Its products are marketed through online sales channels and are intended for use by consumers, small businesses and other users of office and home printing equipment.