New Century Logistics (BVI) (NASDAQ:NCEW) Trading Down 5.4% – Here’s Why

Shares of New Century Logistics (BVI) Limited (NASDAQ:NCEW) were down 5.4% during mid-day trading on Monday . The company traded as low as $17.60 and last traded at $17.9110. Approximately 214 shares were traded during trading, a decline of 58% from the average session volume of 509 shares. The stock had previously closed at $18.93.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of New Century Logistics (BVI) in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, New Century Logistics (BVI) presently has a consensus rating of “Sell”.

New Century Logistics (BVI) Stock Down 5.8%

The firm has a fifty day moving average of $17.26 and a 200-day moving average of $15.63.

New Century Logistics (BVI) (NASDAQ:NCEW) last issued its quarterly earnings results on Monday, July 13th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $14.28 million for the quarter.

New Century Logistics (BVI) Company Profile

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).