Caravelle International Group (NASDAQ:HTCO) Shares Down 0.3% – Time to Sell?

Caravelle International Group (NASDAQ:HTCO)’s stock price fell 0.3% during trading on Thursday . The stock traded as low as $11.84 and last traded at $11.90. 3,068 shares were traded during trading, a decline of 88% from the average session volume of 25,273 shares. The stock had previously closed at $11.93.

Analyst Ratings Changes

HTCO has been the topic of a number of research reports. Wall Street Zen upgraded Caravelle International Group to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Caravelle International Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Caravelle International Group Price Performance

The company has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $7.86.

Caravelle International Group announced that its board has approved a share repurchase program on Thursday, August 28th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation.