Globavend (NASDAQ:GVH) Raised to Strong-Buy at Litchfield Hills Research

Globavend (NASDAQ:GVH) was upgraded by analysts at Litchfield Hills Research to a “strong-buy” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a $0.40 target price on the stock. Litchfield Hills Research’s price objective points to a potential upside of 379.62% from the company’s current price.

Globavend Price Performance

Shares of GVH opened at $0.08 on Thursday. The company’s fifty day simple moving average is $1.05 and its 200-day simple moving average is $0.79. Globavend has a twelve month low of $0.06 and a twelve month high of $1.82.

Globavend Company Profile

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery.