Tianci International (NASDAQ:CIIT) Trading Down 3.4% – Here’s Why

Tianci International, Inc. (NASDAQ:CIIT)’s stock price traded down 3.4% during mid-day trading on Wednesday . The company traded as low as $0.5210 and last traded at $0.5871. 10,889 shares traded hands during trading, a decline of 97% from the average session volume of 312,967 shares. The stock had previously closed at $0.6079.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tianci International in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Tianci International Price Performance

The business’s 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.64. The stock has a market cap of $14.40 million and a P/E ratio of -3.26.

Tianci International (NASDAQ:CIIT) last released its quarterly earnings results on Thursday, December 11th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $3.82 million during the quarter. Tianci International had a negative net margin of 27.82% and a negative return on equity of 104.23%.

Tianci International Company Profile

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).