Smart Logistics Global (NASDAQ:SLGB) Posts Quarterly Earnings Results

Smart Logistics Global (NASDAQ:SLGB) announced its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The company had revenue of $21.69 million for the quarter.

Smart Logistics Global Stock Down 5.4%

NASDAQ:SLGB opened at $0.59 on Friday. Smart Logistics Global has a 12 month low of $0.59 and a 12 month high of $6.08. The company has a 50 day simple moving average of $0.98 and a two-hundred day simple moving average of $1.59.

Institutional Investors Weigh In On Smart Logistics Global

A hedge fund recently bought a new stake in Smart Logistics Global stock. Geode Capital Management LLC bought a new position in Smart Logistics Global Limited (NASDAQ:SLGB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned 0.06% of Smart Logistics Global at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Smart Logistics Global in a research report on Friday, January 9th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Smart Logistics Global

Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.