Tianci International, Inc. (NASDAQ:CIIT – Get Free Report) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.35 and traded as high as $2.68. Tianci International shares last traded at $2.40, with a volume of 41,642,507 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CIIT shares. Wall Street Zen raised shares of Tianci International to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of Tianci International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on CIIT
Tianci International Stock Up 54.8%
The stock has a market capitalization of $2.33 million, a P/E ratio of -0.27 and a beta of 1.78. The stock’s 50 day moving average price is $2.35 and its 200-day moving average price is $12.88.
Tianci International (NASDAQ:CIIT – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($2.67) earnings per share for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%. The firm had revenue of $2.23 million during the quarter.
About Tianci International
The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).
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