Shengfeng Development (NASDAQ:SFWL) Stock Price Down 0.7% – Should You Sell?

Shares of Shengfeng Development Limited (NASDAQ:SFWLGet 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

The stock’s 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $1.01.

About Shengfeng Development

(Get Free Report)

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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