Singularity Future Technology (NASDAQ:SGLY) Shares Down 6.1% – Time to Sell?

Singularity Future Technology Ltd. (NASDAQ:SGLYGet Free Report)’s share price traded down 6.1% during mid-day trading on Monday . The company traded as low as $0.87 and last traded at $0.88. 29,039 shares were traded during mid-day trading, a decline of 95% from the average session volume of 539,729 shares. The stock had previously closed at $0.93.

Singularity Future Technology Price Performance

The stock has a market cap of $3.68 million, a P/E ratio of -1.22 and a beta of 0.99. The stock has a 50-day simple moving average of $0.79 and a 200-day simple moving average of $1.34.

Singularity Future Technology (NASDAQ:SGLYGet Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $0.48 million for the quarter. Singularity Future Technology had a negative return on equity of 25.97% and a negative net margin of 132.89%.

About Singularity Future Technology

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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.

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