Caravelle International Group (NASDAQ:HTCO) Posts Earnings Results

Caravelle International Group (NASDAQ:HTCO) announced its earnings results on Wednesday. The company reported ($0.34) earnings per share for the quarter, FiscalAI reports. The company had revenue of $68.73 million during the quarter.

Caravelle International Group Trading Down 3.7%

NASDAQ HTCO traded down $0.12 on Friday, reaching $3.04. 9,471 shares of the company’s stock traded hands, compared to its average volume of 560,737. Caravelle International Group has a fifty-two week low of $1.83 and a fifty-two week high of $56.59. The stock has a 50 day moving average price of $3.99 and a 200-day moving average price of $7.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Caravelle International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.