Caravelle International Group (NASDAQ:HTCO) Trading Down 2.4% – Here’s Why

Caravelle International Group (NASDAQ:HTCO)’s stock price traded down 2.4% on Tuesday . The company traded as low as $2.88 and last traded at $2.89. Approximately 38,150 shares traded hands during trading, a decline of 60% from the average session volume of 94,960 shares. The stock had previously closed at $2.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Caravelle International Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Caravelle International Group Price Performance

The firm has a fifty day moving average of $3.60 and a 200-day moving average of $6.70.

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