Paranovus Entertainment Technology (NASDAQ:PAVS) Stock Price Down 13.7% – Here’s Why

Shares of Paranovus Entertainment Technology Ltd. (NASDAQ:PAVSGet Free Report) dropped 13.7% during mid-day trading on Monday . The stock traded as low as $0.43 and last traded at $0.5250. Approximately 186,592 shares changed hands during trading, an increase of 30% from the average daily volume of 143,706 shares. The stock had previously closed at $0.6082.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Paranovus Entertainment Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on PAVS

Paranovus Entertainment Technology Price Performance

The stock has a fifty day moving average price of $0.76 and a two-hundred day moving average price of $0.84.

Paranovus Entertainment Technology Company Profile

(Get Free Report)

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids.

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