Caravelle International Group (NASDAQ:HTCO) Stock Price Up 10% – Should You Buy?

Caravelle International Group (NASDAQ:HTCO) shares were up 10% during trading on Monday . The company traded as high as $3.82 and last traded at $3.40. 271,192 shares changed hands during mid-day trading, an increase of 110% from the average session volume of 129,001 shares. The stock had previously closed at $3.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Caravelle International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Caravelle International Group Price Performance

The business’s 50-day moving average is $3.87 and its 200 day moving average is $7.51.

Caravelle International Group (NASDAQ:HTCO) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.34) earnings per share (EPS) for the quarter. The firm had revenue of $68.73 million during the quarter.

Caravelle International Group Company Profile

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.