China Xiangtai Food (NASDAQ:PLIN) Trading Down 4.8% – What’s Next?

China Xiangtai Food Co., Ltd. (NASDAQ:PLINGet Free Report)’s stock price was down 4.8% on Tuesday . The company traded as low as $1.86 and last traded at $2.00. Approximately 685,212 shares traded hands during mid-day trading, an increase of 142% from the average daily volume of 282,637 shares. The stock had previously closed at $2.10.

China Xiangtai Food Trading Down 13.4 %

The stock’s 50 day simple moving average is $2.09 and its 200 day simple moving average is $2.60.

China Xiangtai Food Company Profile

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China Xiangtai Food Co, Ltd., through its subsidiaries, engages in the slaughtering, processing, packing, distribution, wholesale, and retail of various fresh pork meat and parts in the People's Republic of China. It offers fresh pork and byproducts, as well as beef, lamb, chicken, duck, and rabbit meat.

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