Globavend (NASDAQ:GVH) Trading Down 16% – Here’s What Happened

Globavend Holdings Limited (NASDAQ:GVHGet Free Report) shares were down 16% during trading on Monday . The stock traded as low as $1.38 and last traded at $1.42. Approximately 63,522 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 207,106 shares. The stock had previously closed at $1.69.

Globavend Price Performance

The firm has a fifty day simple moving average of $1.04 and a 200 day simple moving average of $0.81.

Globavend Company Profile

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Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery.

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