Shengfeng Development (NASDAQ:SFWL) Shares Gap Down – Here’s Why

Shengfeng Development Limited (NASDAQ:SFWL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $14.2455, but opened at $11.51. Shengfeng Development shares last traded at $11.2450, with a volume of 4,498 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Shengfeng Development has a consensus rating of “Sell”.

Shengfeng Development Stock Down 4.5%

The business’s 50-day moving average price is $12.83 and its two-hundred day moving average price is $13.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.27.

Shengfeng Development Company Profile

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.