SITC International Holdings Company Limited (OTCMKTS:SITIY – Get Free Report) shares dropped 11% on Thursday. The stock traded as low as $59.05 and last traded at $59.05. 296 shares traded hands during trading, a decline of 82% from the average daily volume of 1,649 shares. The stock had previously closed at $66.36.
SITC International Stock Performance
The stock’s fifty day simple moving average is $59.46 and its 200-day simple moving average is $49.71.
SITC International Company Profile
SITC International Holdings Co, Ltd. is a Hong Kong-based shipping and logistics company focused primarily on intra-Asia trade. The company provides container shipping services connecting major ports across China, Japan, South Korea, Southeast Asia and other regional markets.
Its principal activities include container liner transportation, freight forwarding and integrated logistics services. SITC also operates businesses related to container yards, depots, warehousing and terminal services, supporting the movement and storage of cargo throughout its regional network.
The company traces its origins to 1991 and has developed a specialized presence in the Asia-Pacific shipping market.
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