Tianci International (NASDAQ:CIIT) Posts Earnings Results

Tianci International (NASDAQ:CIIT) announced its earnings results on Wednesday. The company reported ($2.67) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $2.23 million during the quarter. Tianci International had a negative net margin of 14.73% and a negative return on equity of 76.73%.

Tianci International Trading Up 3.0%

Shares of CIIT traded up $0.05 during mid-day trading on Wednesday, hitting $1.71. 6,505 shares of the company’s stock were exchanged, compared to its average volume of 281,299. Tianci International has a fifty-two week low of $1.66 and a fifty-two week high of $52.50. The business’s 50 day moving average is $2.44 and its two-hundred day moving average is $13.23. The firm has a market capitalization of $1.66 million, a P/E ratio of -0.19 and a beta of 1.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CIIT shares. Wall Street Zen upgraded Tianci International to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Tianci International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Tianci International presently has a consensus rating of “Sell”.

About Tianci International

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).