TDH Holdings Inc (NASDAQ:PETZ) Stock Moves Up Again: How far Can it Go?
The pet food products company TDH Holdings Inc (NASDAQ:PETZ) has emerged as a surprising gainer over the course of the past week and the rally in the stock continued on Monday.
The surprising bit about the rally is the fact that there has been no news whatsoever about the company over the course of the past week. Yesterday, the stock rallied strongly and shot up by 13% to take its gains for the past week to as much as 28%. In this situation, investors perhaps need to be acquainted with the company’s business.
The company operates through its subsidiaries and is involved in the development, manufacturing and selling of pet food products. The products manufactured by TDH Holdings are available for sale in key markets of North America, the People’s Republic of China, Asia and Europe.
At this point in time, TDH Holdings is known to offer a total of as many as 200 products that are primarily meant for cats and dogs. Some of the brands under which it sells its products include Hum & Cheer and Pet Cuisine among others. The products are made available to both wholesales as well as retailers and in addition to that, TDH Holdings also sells through e-commerce platforms.
Market Reaction:
On Monday, PETZ stock soared 12.62% at $3.39 with more than 1.97 million shares, compared to its average volume of 488k shares. The stock has moved within a range of $2.8700 – 3.6300 after opening the trade at $2.88. Over the past 52-week, the stock has been trading within a range of $1.0500 – 14.5200.
