Tianci International (NASDAQ:CIIT) Stock Price Down 5.1% – Should You Sell?

Tianci International, Inc. (NASDAQ:CIIT) traded down 5.1% on Thursday. The company traded as low as $2.50 and last traded at $2.5160. Approximately 19,768 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 51,571 shares. The stock had previously closed at $2.65.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CIIT shares. Weiss Ratings cut Tianci International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Wall Street Zen upgraded Tianci International to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Tianci International Stock Performance

The business’s fifty day moving average price is $3.11 and its 200-day moving average price is $8.80. The stock has a market cap of $2.44 million, a PE ratio of -0.28 and a beta of 1.57.

Tianci International Company Profile

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).