Shengfeng Development (NASDAQ:SFWL) Shares Down 1.5% – What’s Next?

Shengfeng Development Limited (NASDAQ:SFWL)’s stock price was down 1.5% during trading on Wednesday . The company traded as low as $0.95 and last traded at $0.9650. Approximately 12,566 shares were traded during trading, a decline of 37% from the average daily volume of 20,068 shares. The stock had previously closed at $0.9795.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Shengfeng Development in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Shengfeng Development Price Performance

The firm’s 50-day moving average price is $0.95 and its two-hundred day moving average price is $1.00.

Shengfeng Development Company Profile

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.