Tianci International (NASDAQ:CIIT) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Tianci International, Inc. (NASDAQ:CIIT)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $2.35 and traded as high as $2.68. Tianci International shares last traded at $2.40, with a volume of 41,642,507 shares changing hands.

Wall Street Analysts Forecast Growth

CIIT has been the subject of several analyst reports. Wall Street Zen raised shares of Tianci International to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of 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. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Tianci International Stock Up 54.8%

The firm’s fifty day moving average is $2.35 and its two-hundred day moving average is $12.88. The firm has a market cap of $2.83 million, a P/E ratio of -0.27 and a beta of 1.78.

Tianci International (NASDAQ:CIIT) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($2.67) EPS for the quarter. The company had revenue of $2.23 million during the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.

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).