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TDH Holdings Inc. (PETZ) has soared in the premarket; here’s why

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In the premarket trading session, TDH Holdings Inc. (PETZ) stock soared by 8.12% to the price of $2.93 at the time of writing. PETZ stock closed the previous session at $2.71 reporting a gain of 27.83%. The PETZ stock volume traded to 8.33 million shares, while the average daily volume of trade for the past 3 months is 974.85k. This shows a significant jump in the trade volume of the stock. In the past week, the shares have moved up by 7.97%. In the last 12 months, PETZ stock value rose by 152.16%. Over the past three and six months, the stock has gained 35.50% and 83.73% respectively. Furthermore, TDH Holdings Inc is currently valued in the market at $124.88 million with 45.85 million outstanding shares.

About TDH Holdings Inc.

TDH Holdings Inc is a pet-food company that specifically focuses on providing the pet food products to the owners of pets. TDH is based in China-Qingdao and was founded in 2002. The company and its subsidiaries operate their development, manufacturing, and selling in North America, the People’s Republic of China, and Europe.

Product offerings of TDH Holdings Inc.

PETZ stock has a whole diverse array of food products for pets that total to 200 differentiated products. These products include a category line for 6 products which include pet chews, dried pet snacks, baked pet biscuits, dental health snacks, canned pet food, and other accessory/non-food items, which include toys and leashes for pets. The subsidiary brand names include Pet Cuisine, Hum & Cheer, along with other brand names through which it sells its products. These brand names then sell the products to retailers wholesalers and also has marked its products’ presence in the e-commerce platform.

PETZ is a silently trending stock

TDH Holdings Inc has not been active related to news releases, reports, operations or even the submissions and filings to Security Exchange and Commission (SEC). This has been noticed for the past two months. The latest news that cover major or significant plays in the PETZ stock has been reported in the month of February.

The company has been a “silent-mover” and has made gains in the month of February without actually having any news related to it or its market. Analysts believe that there is a role of major speculative play here and the pattern is such that the Chinese pet penny stock is outpacing the broader market. On 5th February, the PETZ stock’s share price was up by 62% compared to the last year and is trumping the pet food market by 22-25%.

However PETZ was not the only pet food company to gain, Dogness Corporation was also moving up in the prices of its DOGZ shares. The speculative hype in the Chinese pet penny stocks had gained momentum while these two stocks outpaced the market.

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