Singularity Future Technology (NASDAQ:SGLY) Stock Price Up 8.5% – Time to Buy?

Singularity Future Technology Ltd. (NASDAQ:SGLYGet Free Report) was up 8.5% during mid-day trading on Wednesday . The stock traded as high as $1.45 and last traded at $1.29. Approximately 383,128 shares changed hands during mid-day trading, an increase of 789% from the average daily volume of 43,115 shares. The stock had previously closed at $1.19.

Singularity Future Technology Trading Up 8.5%

The firm has a market capitalization of $5.42 million, a PE ratio of -1.50 and a beta of 1.18. The stock’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $0.94.

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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