Shares of Shengfeng Development Limited (NASDAQ:SFWL – Get Free Report) traded down 0.7% during mid-day trading on Thursday . The company traded as low as $0.93 and last traded at $0.9830. 490 shares changed hands during trading, a decline of 96% from the average session volume of 12,593 shares. The stock had previously closed at $0.9899.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Shengfeng Development in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Shengfeng Development currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on SFWL
Shengfeng Development Price Performance
About Shengfeng Development
Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services.
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