New Century Logistics (BVI) (NASDAQ:NCEW) Releases Earnings Results

New Century Logistics (BVI) (NASDAQ:NCEW) posted its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, FiscalAI reports. The company had revenue of $14.28 million during the quarter.

New Century Logistics (BVI) Stock Up 2.1%

NCEW stock opened at $16.54 on Wednesday. New Century Logistics has a 1 year low of $2.80 and a 1 year high of $20.83. The company has a fifty day simple moving average of $17.99 and a 200 day simple moving average of $12.42.

Analyst Upgrades and Downgrades

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

About New Century Logistics (BVI)

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).