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Planet Image International Secures RMB250 Million in Loans with Guarantees
TipRanks (Wed, 12-Mar 4:28 PM ET)
Planet Image International Ltd is engaged in manufacturing and selling compatible toner cartridges. It develops and manufactures toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis or under its self-owned brands. The company also sells its branded products through online sales channels under three brands, TrueImage, CoolToner, and AZtech. The company operates in North America, Europe, and Other countries.
Planet Image Intl trades on the NASDAQ stock market under the symbol YIBO.
As of March 14, 2025, YIBO stock price climbed to $1.56 with 27,558 million shares trading.
YIBO has a beta of -1.32, meaning it tends to be less sensitive to market movements. YIBO has a correlation of 0.00 to the broad based SPY ETF.
YIBO has a market cap of $84.06 million. This is considered a Micro Cap stock.
YIBO has underperformed the market in the last year with a price return of -94.6% while the SPY ETF gained +10.4%. YIBO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -95.7% and -6.6%, respectively, while the SPY returned -6.5% and -3.8%, respectively.
YIBO support price is $1.29 and resistance is $1.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that YIBO shares will trade within this expected range on the day.