Singularity Future Technology (NASDAQ:SGLY) Shares Down 2.4%

Shares of Singularity Future Technology Ltd. (NASDAQ:SGLY) dropped 2.4% during mid-day trading on Tuesday . The company traded as low as $4.91 and last traded at $4.92. Approximately 5,772 shares were traded during trading, a decline of 99% from the average daily volume of 387,741 shares. The stock had previously closed at $5.04.

Singularity Future Technology Trading Down 2.4 %

The company’s 50-day moving average is $4.06 and its 200 day moving average is $4.85. The firm has a market cap of $16.98 million, a PE ratio of -0.54 and a beta of 1.01.

Singularity Future Technology (NASDAQ:SGLY) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.96 million during the quarter. Singularity Future Technology had a negative net margin of 531.52% and a negative return on equity of 227.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in shares of Singularity Future Technology in the 2nd quarter valued at $30,000. Goldman Sachs Group Inc. acquired a new stake in Singularity Future Technology during the second quarter valued at approximately $60,000. Jane Street Group LLC grew its stake in shares of Singularity Future Technology by 180.2% in the 3rd quarter. Jane Street Group LLC now owns 28,473 shares of the company’s stock valued at $71,000 after purchasing an additional 63,973 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Singularity Future Technology in the 2nd quarter valued at approximately $211,000. Finally, Two Sigma Investments LP acquired a new position in shares of Singularity Future Technology in the 4th quarter worth approximately $38,000. Institutional investors own 4.07% of the company’s stock.

Singularity Future Technology Company Profile

Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services.