China Xiangtai Food (NASDAQ:PLIN) Shares Down 4.8% – Here’s Why

China Xiangtai Food Co., Ltd. (NASDAQ:PLINGet Free Report)’s stock price dropped 4.8% during mid-day trading on Tuesday . The stock traded as low as $1.86 and last traded at $2.00. Approximately 685,212 shares were traded 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 business has a fifty day moving average price of $2.09 and a 200 day moving average price of $2.60.

About China Xiangtai Food

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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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