New Century Logistics (BVI) (NASDAQ:NCEW) Trading 12% Higher – Still a Buy?

New Century Logistics (BVI) Limited (NASDAQ:NCEW)’s stock price traded up 12% during trading on Thursday . The company traded as high as $3.93 and last traded at $3.92. 38,629 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 35,804 shares. The stock had previously closed at $3.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of New Century Logistics (BVI) in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

New Century Logistics (BVI) Stock Performance

The firm’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $5.88.

New Century Logistics (BVI) Company Profile

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).