STOCKS TELEGRAPH

Tag: PETZ

  • TDH Holdings Inc. (PETZ) stock on a Path to Recovery After Recent Downfall

    On March 09, shares of TDH Holdings Inc. (PETZ) continued to move forward with a further gain of 7.10% in the after-hours. The stock had been bullish in the prior regular trading s well. The stock seems to be on a path to recovery after it plunged down to a new low the day before. There is no recent announcement or SEC filing from the company.

    In the regular trading session on Wednesday, the stock added 9.74% at its closing price of $0.3436 per share. The volume of the shares traded during the session remained above the average at 40.8 million shares. PETZ continued to rise in the following after-hours session as it added a further $0.02 or 7.10%. Hence, the stock reached a price of $0.3680 per share in the after-hours on Wednesday.

    The pet food products developer and seller, TDH Holdings Inc. is based in China. Founded in 2002, the company has a market capitalization of $20.07 million.

    What Happened to PETZ?

    On February 25, the company had announced a non-compliance letter from Nasdaq due to its bid price. Following this, the stock entered a downtrend which ended on it reaching a new low of $0.2950 on March 08. Since there is no other news as of recently, the stock seems to have rebounded due to the low price. It seems investors found the low price as a good opportunity to stock up. Thus, the stock rebounded on Wednesday and continued to rise in both the regular and after-hours sessions.

    Source: Toppr

    Nasdaq Non-Compliance Letter

    On February 25, the company announced receiving a notification letter from Nasdaq due to its non-compliance with the listing Rule 5550(a)(2). The company’s share price had been below the minimum bid price requirement of $1.00 per share for consecutive 30 days. Thus, Nasdaq provided the company with a grace period of 180 days till August 22, 2022, for regaining compliance. The company will regain compliance if its shares close on or above $1.00 per share for 10 consecutive days within the provided period.

    Furthermore, if the company failed to regain compliance within the due period, it may be eligible for an extension. Presently, PETZ is considering various options for regaining compliance.

    PETZ’ H1 Fiscal 2021

    In the first half of 2021, the company reported a net loss of $0.94 million or $0.02/share against $0.60 million or $0.01/share in the comparative period of 2020.

    PETZ had revenue of $0.13 million in the first half of 2021, which marked a decline of 52.46% YOY

  • TDH Holdings Inc. (PETZ) has soared in the premarket; here’s why

    TDH Holdings Inc. (PETZ) has soared in the premarket; here’s why

    In the premarket trading session, TDH Holdings Inc. (PETZ) stock soared by 8.12% to the price of $2.93 at the time of writing. PETZ stock closed the previous session at $2.71 reporting a gain of 27.83%. The PETZ stock volume traded to 8.33 million shares, while the average daily volume of trade for the past 3 months is 974.85k. This shows a significant jump in the trade volume of the stock. In the past week, the shares have moved up by 7.97%. In the last 12 months, PETZ stock value rose by 152.16%. Over the past three and six months, the stock has gained 35.50% and 83.73% respectively. Furthermore, TDH Holdings Inc is currently valued in the market at $124.88 million with 45.85 million outstanding shares.

    About TDH Holdings Inc.

    TDH Holdings Inc is a pet-food company that specifically focuses on providing the pet food products to the owners of pets. TDH is based in China-Qingdao and was founded in 2002. The company and its subsidiaries operate their development, manufacturing, and selling in North America, the People’s Republic of China, and Europe.

    Product offerings of TDH Holdings Inc.

    PETZ stock has a whole diverse array of food products for pets that total to 200 differentiated products. These products include a category line for 6 products which include pet chews, dried pet snacks, baked pet biscuits, dental health snacks, canned pet food, and other accessory/non-food items, which include toys and leashes for pets. The subsidiary brand names include Pet Cuisine, Hum & Cheer, along with other brand names through which it sells its products. These brand names then sell the products to retailers wholesalers and also has marked its products’ presence in the e-commerce platform.

    PETZ is a silently trending stock

    TDH Holdings Inc has not been active related to news releases, reports, operations or even the submissions and filings to Security Exchange and Commission (SEC). This has been noticed for the past two months. The latest news that cover major or significant plays in the PETZ stock has been reported in the month of February.

    The company has been a “silent-mover” and has made gains in the month of February without actually having any news related to it or its market. Analysts believe that there is a role of major speculative play here and the pattern is such that the Chinese pet penny stock is outpacing the broader market. On 5th February, the PETZ stock’s share price was up by 62% compared to the last year and is trumping the pet food market by 22-25%.

    However PETZ was not the only pet food company to gain, Dogness Corporation was also moving up in the prices of its DOGZ shares. The speculative hype in the Chinese pet penny stocks had gained momentum while these two stocks outpaced the market.