Home Equities Score Why China Xiangtai Food Co., Ltd. (PLIN) stock is Popping High today?

Why China Xiangtai Food Co., Ltd. (PLIN) stock is Popping High today?

China Xiangtai Food Co., Ltd. (PLIN) stock, an emerging food processing company, continued to rise in the pre-market trading session today on May 11, 2021, without any particular activity or news related to it.PLIN stock price saw a push of 23.73% today to reach $0.928 a share as of this writing. PLIN stock inched up by 1.06%  at the previous closing. Let’s deep dive to explore more of it.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s Happening?

There is no specific news or announcement by the PLIN stock in recent days to explain the bullish sentiment. We don’t find any announcement even in this whole year by the PLIN stock to relate something to the recent trend. Also, there are no signs of analysts upgrades or increased per share targeted price of the PLIN stock to justify this bull. This left some investors wondering what to make of it all. In such situations, it is better to know the previous developments and financial position to understand a bit about any particular stock.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


Read More

Financial View of PLIN stock:

The last news we find about China Xiangtai Food is its financial results for the fiscal year ended June 30, 2020, which PLIN stock announced on December 21, 2020, the highlights of which are given below.

  • Revenues surged by 11.6% from the fiscal year 2019 to reach $110.6 million in fiscal 2020.
  • Gross profit of $7.2 million for PLIN stock was reduced at that time by 17.0% as compared to 2019.
  • The gross margin moved back from 8.7% in 2019 to 6.5% in 2020.
  • PLIN stock suffered a net loss of $4.9 million in 2020 as compared to net income of $4.4 million in 2019.
  • Basic and diluted loss per share for PLIN stock was$0.14 as compared to basic and diluted earnings per share of  $0.24 in 2019.
  • PLIN stock had cash and cash equivalents of $1.5 million as of June 30, 2020, while these were $3.2 million on the same date of 2019.

Sales Agreement:

On December 17, 2020, PLIN stock did announce a sales agreement with Chongqing Yongyaoge Technology Co., Ltd. In order to supply CYT products worth $3.5 million. At that time, the CEO of the China Xiangtai had assured that PLIN stock would continue such developments to expand its business and maintain its growth.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 


PLIN stock is enjoying the bullish sentiment so far despite the absence of any specific news related to it. Such rises and falls don’t last forever as it is a universal truth, and no one can deny this fact. So, it is better to understand the company’s fundamentals, balance sheet, past developments, and future growth before making any decision. 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Vertex Pharmaceuticals Inc. (VRTX) stock plunged during after-hour. Here’s what you should know

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) stock gained by 1.5% at last close while the VRTX stock price declines during after-hour by 12.95%. Vertex is...

Bit Digital Inc. (BTBT) stock plunges during the current market trading session. What is happening?

Bit Digital Inc. (NASDAQ: BTBT) stock declined by -1.43% in the current market trading as of this writing. Bit Digital, Inc. is a Bitcoin...

Celsion Corporation (CLSN) stock gains in Pre-Market: Let’s Find out why.

Shares of Celsion Corporation (CLSN) stock were gaining in the pre-market today on June 10, 2021, following the announcement of new appointments by Celsion...

Medley Management Inc. (MDLY) stock soars during pre-market trading, given no recent update

Medley Management Inc. (NASDAQ: MDLY) stock gained by 8.96% at last close while the MDLY stock price rises by 108.90% in the pre-market trading...

Sphere 3D Corp. (ANY) stock surged during after-hour session. Why so?

Sphere 3D Corp. (NASDAQ: ANY) stock gained by 10.5% at last close while the ANY stock price soars further during the after-hour session by...


Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam