Shineco (NASDAQ:SISI) Issues Quarterly Earnings Results

Shineco (NASDAQ:SISI) posted its earnings results on Friday. The company reported ($0.90) earnings per share (EPS) for the quarter, Zacks reports. Shineco had a negative net margin of 288.85% and a negative return on equity of 67.56%. The company had revenue of $3.05 million during the quarter.

Shineco Trading Down 1.6 %

SISI opened at $1.25 on Friday. The business’s 50-day moving average is $1.99 and its two-hundred day moving average is $5.16. Shineco has a 1 year low of $1.19 and a 1 year high of $117.65. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.04.

About Shineco

Shineco, Inc, through its subsidiaries, processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products. The company was incorporated in 1997 and is headquartered in Beijing, the People's Republic of China.