New Century Logistics (BVI) (NASDAQ:NCEW) Stock Price Up 0.6% – Should You Buy?

Shares of New Century Logistics (BVI) Limited (NASDAQ:NCEW) rose 0.6% during trading on Friday . The stock traded as high as $17.80 and last traded at $16.8850. Approximately 1,159 shares were traded during trading, a decline of 29% from the average daily volume of 1,621 shares. The stock had previously closed at $16.79.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of New Century Logistics (BVI) in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, New Century Logistics (BVI) currently has a consensus rating of “Sell”.

New Century Logistics (BVI) Stock Up 0.6%

The stock has a fifty day moving average of $17.98 and a 200 day moving average of $12.22.

New Century Logistics (BVI) Company Profile

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).