TDH (NASDAQ:PETZ) Shares Up 2.3% – Here’s Why

Shares of TDH Holdings, Inc. (NASDAQ:PETZ) were up 2.3% during mid-day trading on Monday . The stock traded as high as $1.39 and last traded at $1.34. 15,442 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 1,112,495 shares. The stock had previously closed at $1.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded TDH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, TDH presently has a consensus rating of “Hold”.

TDH Price Performance

The stock’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.22.

Insider Buying and Selling

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

About TDH

TDH Holdings, Inc is a China-based pet food company that develops, manufactures and sells food products for companion animals. Its offerings primarily include pet food and related products for dogs and cats, such as dry food, treats and other snack products.

The company markets its products through a combination of distribution, retail and online sales channels, serving customers in China and potentially other markets through its commercial partners. Its business is focused on the growing companion-animal products sector rather than veterinary services or live-animal sales.

TDH Holdings trades on the Nasdaq Stock Market under the symbol PETZ.