TDH (NASDAQ:PETZ) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

TDH Holdings, Inc. (NASDAQ:PETZ) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.21 and traded as high as $1.21. TDH shares last traded at $1.22, with a volume of 2,807 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of TDH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, TDH has an average rating of “Hold”.

TDH Stock Performance

The company has a fifty day simple moving average of $1.31 and a two-hundred day simple moving average of $1.21.

Insider Buying and Selling at TDH

In related news, CEO Dandan Liu purchased 2,969,692 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $1.20 per share, with a total value of $3,563,630.40. Following the transaction, the chief executive officer directly owned 5,069,389 shares in the company, valued at $6,083,266.80. This trade represents a 141.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.82% of the stock is owned by company insiders.

TDH Company Profile

TDH Holdings, Inc, doing business under the ticker PETZ, is a pet-food company focused on the development, manufacture and sale of food products for companion animals. Its offerings include products for dogs and cats, such as dry food, wet food, treats and other pet snacks.

The company primarily serves the Chinese pet-care market and has also pursued sales through international distribution channels. Its products are marketed through retail and online channels, as well as through distributors and other commercial partners.