Caravelle International Group (NASDAQ:HTCO) Releases Quarterly Earnings Results

Caravelle International Group (NASDAQ:HTCO) issued its quarterly earnings data on Wednesday. The company reported ($0.34) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $68.73 million for the quarter.

Caravelle International Group Stock Up 1.7%

NASDAQ:HTCO opened at $3.07 on Thursday. Caravelle International Group has a 52 week low of $1.83 and a 52 week high of $56.59. The firm’s 50-day simple moving average is $4.07 and its 200 day simple moving average is $7.63.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Caravelle International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.