New Century Logistics (BVI) (NASDAQ:NCEW) Shares Down 3.6% – Time to Sell?

New Century Logistics (BVI) Limited (NASDAQ:NCEWGet Free Report) was down 3.6% during trading on Monday . The company traded as low as $19.84 and last traded at $19.0210. Approximately 2,042 shares traded hands during trading, a decline of 33% from the average daily volume of 3,064 shares. The stock had previously closed at $19.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Check Out Our Latest Analysis on NCEW

New Century Logistics (BVI) Trading Down 3.6%

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $16.34 and a 200 day moving average price of $10.47.

New Century Logistics (BVI) (NASDAQ:NCEWGet Free Report) last issued its earnings results on Sunday, February 15th. The company reported ($1.50) earnings per share (EPS) for the quarter. The firm had revenue of $11.35 million during the quarter.

About New Century Logistics (BVI)

(Get Free Report)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).

Further Reading

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