Tianci International (NASDAQ:CIIT – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($2.67) earnings per share for the quarter, FiscalAI reports. The company had revenue of $2.23 million during the quarter. Tianci International had a negative net margin of 14.73% and a negative return on equity of 76.73%.
Tianci International Price Performance
NASDAQ CIIT traded up $0.79 on Friday, reaching $2.34. The company had a trading volume of 39,710,783 shares, compared to its average volume of 493,272. The firm has a market cap of $2.27 million, a price-to-earnings ratio of -0.26 and a beta of 1.78. Tianci International has a fifty-two week low of $1.52 and a fifty-two week high of $52.50. The business has a 50 day moving average of $2.37 and a two-hundred day moving average of $12.99.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CIIT. Weiss Ratings cut shares of Tianci International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. Wall Street Zen upgraded Tianci International to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Tianci International presently has an average rating of “Sell”.
Read Our Latest Stock Report on CIIT
About Tianci International
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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