New Century Logistics (BVI) Stock to Reverse Split on Friday, November 14th (NASDAQ:NCEW)

Shares of New Century Logistics (BVI) Limited (NASDAQ:NCEW) are set to reverse split before the market opens on Friday, November 14th. The 1-18 reverse split was announced on Friday, November 7th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 13th.

New Century Logistics (BVI) Stock Performance

New Century Logistics (BVI) stock traded down $0.03 during midday trading on Monday, reaching $0.45. The stock had a trading volume of 568,266 shares, compared to its average volume of 606,411. The company has a fifty day moving average of $0.57 and a 200 day moving average of $0.90. New Century Logistics has a 52-week low of $0.36 and a 52-week high of $4.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About New Century Logistics (BVI)

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).