China Xiangtai Food (NASDAQ:PLIN) Trading Down 18.8% – Should You Sell?

China Xiangtai Food Co., Ltd. (NASDAQ:PLINGet Free Report)’s stock price was down 18.8% during mid-day trading on Wednesday . The stock traded as low as $0.71 and last traded at $0.71. Approximately 124,677 shares were traded during trading, a decline of 56% from the average daily volume of 282,637 shares. The stock had previously closed at $0.88.

China Xiangtai Food Stock Down 18.8 %

The business has a 50 day simple moving average of $1.23 and a 200 day simple moving average of $1.71.

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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