New Century Logistics (BVI) (NASDAQ:NCEW) Stock Price Up 13.6% – What’s Next?

New Century Logistics (BVI) Limited (NASDAQ:NCEW)’s stock price traded up 13.6% during trading on Tuesday. The company traded as high as $16.92 and last traded at $19.2250. Approximately 180 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 518 shares. The stock had previously closed at $16.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of New Century Logistics (BVI) in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, New Century Logistics (BVI) currently has a consensus rating of “Sell”.

New Century Logistics (BVI) Price Performance

The stock has a fifty day simple moving average of $17.55 and a two-hundred day simple moving average of $16.64.

New Century Logistics (BVI) (NASDAQ:NCEW) last issued its earnings results on Monday, July 13th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $14.28 million during the quarter.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited is a logistics and freight-forwarding company organized in the British Virgin Islands. Through its operating subsidiaries, the company provides transportation and supply-chain services for customers moving goods across international markets.

Its services include freight forwarding, including air and ocean transportation, as well as related logistics support such as customs clearance, cargo handling, warehousing and ground transportation. These services are designed to coordinate shipments from origin to destination and help customers manage cross-border supply-chain requirements.

The company’s operations are primarily associated with Asia and international trade routes.