Tianci International (NASDAQ:CIIT) Stock Price Down 9.8% – Should You Sell?

Tianci International, Inc. (NASDAQ:CIIT) shares were down 9.8% during trading on Thursday . The stock traded as low as $0.54 and last traded at $0.5410. Approximately 47,313 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 64,801 shares. The stock had previously closed at $0.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Tianci International in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tianci International has a consensus rating of “Sell”.

Tianci International Stock Down 15.0%

The stock has a market cap of $11.28 million and a PE ratio of -2.56. The business’s 50-day simple moving average is $0.47 and its 200-day simple moving average is $0.59.

Tianci International (NASDAQ:CIIT) last posted its earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $3.82 million during the quarter. Tianci International had a negative return on equity of 104.23% and a negative net margin of 27.82%.

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).