New Century Logistics (BVI) (NASDAQ:NCEW) Trading Up 8.7% – Time to Buy?

New Century Logistics (BVI) Limited (NASDAQ:NCEW)’s stock price rose 8.7% on Monday . The stock traded as high as $18.00 and last traded at $16.9590. 767 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 2,490 shares. The stock had previously closed at $15.60.

Wall Street Analysts Forecast Growth

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

New Century Logistics (BVI) Stock Up 0.1%

The firm has a 50 day moving average price of $17.88 and a 200 day moving average price of $13.54.

New Century Logistics (BVI) (NASDAQ:NCEW) last released its earnings results on Monday, July 13th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $14.28 million during the quarter.

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).