Overall market sentiment has been down on TDH Holdings Inc (PETZ) stock lately. PETZ receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With PETZ Stock Today?
TDH Holdings Inc (PETZ) stock is trading at $2.02 as of 2:45 PM on Friday, Jan 15, a decline of -$0.15, or -6.92% from the previous closing price of $2.17. The stock has traded between $1.99 and $2.19 so far today. Volume today is 69,313 compared to average volume of 78,518.
To screen for more stocks like TDH Holdings Inc click here.
More About TDH Holdings Inc
TDH Holdings Inc is engaged in producing pet food for pet owners in China and other regions. The products of the company include dry food, wet food and treats for both dogs and cats as well as includes dry meat treats, pet biscuits, canned food and other products such as non-food items like dog leashes and pet toys under multiple brands in various geographical markets. The company's line of products includes Pet chews, Dried pet snacks, Wet canned pet foods, Dental health snack foods and Baked pet biscuits. It markets and sells its products under various brand names such as Pet Cuisine, Hum and Cheer, Like, TDH, Tiandihui, Dog Zone Sasami and among others. The company operates through the single segment being Manufacturing and selling of pet food.
Click Here to get the full Stock Score Report on TDH Holdings Inc (PETZ) Stock.
