Shengfeng Development (NASDAQ:SFWL) Stock Price Up 2.2% – Here’s What Happened

Shengfeng Development Limited (NASDAQ:SFWL) was up 2.2% on Friday . The stock traded as high as $0.8891 and last traded at $0.8890. Approximately 1,211 shares were traded during trading, a decline of 91% from the average daily volume of 13,272 shares. The stock had previously closed at $0.8701.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Shengfeng Development in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Shengfeng Development Price Performance

The company’s 50-day simple moving average is $0.94 and its 200-day simple moving average is $0.99.

About Shengfeng Development

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.