Shengfeng Development (NASDAQ:SFWL) Stock Price Down 3.5% – Here’s What Happened

Shengfeng Development Limited (NASDAQ:SFWL) traded down 3.5% during trading on Monday . The stock traded as low as $0.8415 and last traded at $0.8723. 6,239 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 29,956 shares. The stock had previously closed at $0.9036.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Shengfeng Development has an average rating of “Sell”.

Shengfeng Development Price Performance

The firm’s fifty day moving average is $0.92 and its two-hundred day moving average is $0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.27.

Shengfeng Development (NASDAQ:SFWL) last released its earnings results 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.