Insider Buying: Star Fashion Culture (NASDAQ:STFS) CFO Purchases $2,600,000.00 in Stock

Star Fashion Culture Holdings Limited (NASDAQ:STFS) CFO Pingting Zhang acquired 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $1.30 per share, with a total value of $2,600,000.00. Following the completion of the acquisition, the chief financial officer directly owned 2,032,500 shares of the company’s stock, valued at approximately $2,642,250. This represents a 6,153.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Star Fashion Culture Trading Up 11.0%

STFS stock traded up $0.33 during trading hours on Tuesday, hitting $3.37. 19,741 shares of the stock traded hands, compared to its average volume of 179,042. The stock has a 50-day simple moving average of $10.50 and a 200 day simple moving average of $6.73. Star Fashion Culture Holdings Limited has a one year low of $0.80 and a one year high of $104.00.

Star Fashion Culture (NASDAQ:STFS) last issued its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.36 million for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings raised Star Fashion Culture from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Star Fashion Culture to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Star Fashion Culture has a consensus rating of “Sell”.

About Star Fashion Culture

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People’s Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. The company was founded in 2015 and is based in Xiamen, the People’s Republic of China. Star Fashion Culture Holdings Limited operates as a subsidiary of Xingji ZhangPingting Limited.