Baiya International Group (NASDAQ:BIYA) Stock Price Down 1.6% – Time to Sell?

Baiya International Group Inc. (NASDAQ:BIYA) shares dropped 1.6% during mid-day trading on Monday. The stock traded as low as $1.22 and last traded at $1.22. 32,760 shares traded hands during trading, a decline of 100% from the average session volume of 6,826,122 shares. The stock had previously closed at $1.24.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baiya International Group in a research report on Monday, September 21st. Wall Street Zen upgraded shares of Baiya International Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Baiya International Group Price Performance

The company’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $10.45.

Baiya International Group (NASDAQ:BIYA) last announced its quarterly earnings data on Wednesday, September 30th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $0.38 million during the quarter.

Baiya International Group Company Profile

We, Baiya International Group Inc (“Baiya”), are an offshore holding company incorporated in the Cayman Islands. We are not a Chinese operating company, but an offshore holding company incorporated in the Cayman Islands. As a holding company, we have no material operations and conduct all of our operations in China through the VIE, Shenzhen Gongwuyuan Network Technology Co, Ltd. (“Gongwuyuan”), and its subsidiaries, collectively, “PRC operating entities”. We entered into a series of Contractual Arrangements with the VIE and certain shareholders of Gongwuyuan, and this structure involves unique risks to investors.