Shengfeng Development (NASDAQ:SFWL) Shares Up 0.2% – Should You Buy?

Shengfeng Development Limited (NASDAQ:SFWL)’s share price rose 0.2% during mid-day trading on Monday . The company traded as high as $0.89 and last traded at $0.8920. Approximately 631 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 15,644 shares. The stock had previously closed at $0.8901.

Analyst Upgrades and Downgrades

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

Shengfeng Development Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a 50 day moving average of $0.93 and a 200-day moving average of $0.94.

Shengfeng Development (NASDAQ:SFWL) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.04 EPS for the quarter. The company had revenue of $154.52 million for the quarter.

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.