Caravelle International Group (NASDAQ:HTCO) Stock Price Down 2.4% – What’s Next?

Shares of Caravelle International Group (NASDAQ:HTCO) dropped 2.4% during trading on Tuesday . The company traded as low as $2.88 and last traded at $2.89. 38,150 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 94,960 shares. The stock had previously closed at $2.96.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Caravelle International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Caravelle International Group Stock Down 0.7%

The company has a fifty day simple moving average of $3.57 and a 200 day simple moving average of $6.65.

Caravelle International Group (NASDAQ:HTCO) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.34) EPS for the quarter. The business had revenue of $68.73 million during the quarter.

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.