Tianci International (NASDAQ:CIIT) Stock Price Down 3.8% – Time to Sell?

Tianci International, Inc. (NASDAQ:CIIT) shares fell 3.8% during trading on Friday . The company traded as low as $1.52 and last traded at $1.52. 10,059 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 518,946 shares. The stock had previously closed at $1.58.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tianci International currently has an average rating of “Sell”.

Tianci International Stock Performance

The business’s 50-day moving average price is $2.82 and its 200 day moving average price is $3.37. The company has a market cap of $38.50 million and a P/E ratio of -1.14.

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).