Shengfeng Development (NASDAQ:SFWL) Shares Climb 1.7% – Should You Buy?

Shengfeng Development Limited (NASDAQ:SFWL)’s share price was up 1.7% on Friday. The stock traded as high as $3.67 and last traded at $3.61. 1,607 shares changed hands during trading, a decline of 52% from the average daily volume of 3,368 shares. The stock had previously closed at $3.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Shengfeng Development from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Shengfeng Development has a consensus rating of “Sell”.

Shengfeng Development Stock Performance

The company’s 50-day moving average is $8.19 and its 200-day moving average is $12.19.

Shengfeng Development (NASDAQ:SFWL) last posted its earnings results on Tuesday, September 15th. The company reported $0.59 earnings per share for the quarter. The firm had revenue of $155.89 million during the quarter.

Shengfeng Development Company Profile

Shengfeng Development Limited (NASDAQ: SFWL) is a China-based logistics and supply chain services company. Through its operating subsidiaries, the company provides transportation, warehousing and related logistics solutions for commercial customers.

Its services include full-truckload and less-than-truckload transportation, freight forwarding, warehouse management and other value-added supply chain services. Shengfeng supports the movement and storage of goods for businesses across multiple industries, including manufacturing, retail and e-commerce.

The company traces its operations to 2001 and is headquartered in Fuzhou, Fujian Province, China.