Tianci International (NASDAQ:CIIT) Stock Price Down 9.8% – Here’s Why

Tianci International, Inc. (NASDAQ:CIITGet Free Report)’s stock price dropped 9.8% during trading on Thursday . The stock traded as low as $0.54 and last traded at $0.5410. Approximately 47,313 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 64,801 shares. The stock had previously closed at $0.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tianci International in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Tianci International

Tianci International Trading Down 9.8%

The stock has a 50 day simple moving average of $0.47 and a 200 day simple moving average of $0.59. The firm has a market capitalization of $13.27 million and a PE ratio of -3.01.

Tianci International (NASDAQ:CIITGet Free Report) last posted its earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $3.82 million during the quarter. Tianci International had a negative return on equity of 104.23% and a negative net margin of 27.82%.

Tianci International Company Profile

(Get Free Report)

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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