Caravelle International Group (NASDAQ:HTCO) Trading Up 1.8% – Should You Buy?

Shares of Caravelle International Group (NASDAQ:HTCO) were up 1.8% during trading on Wednesday . The stock traded as high as $9.10 and last traded at $8.92. Approximately 12,432 shares traded hands during trading, a decline of 72% from the average daily volume of 44,000 shares. The stock had previously closed at $8.76.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Caravelle International Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Caravelle International Group has a consensus rating of “Sell”.

Caravelle International Group Stock Performance

The firm’s 50 day moving average price is $10.44 and its 200 day moving average price is $9.15.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.