New Century Logistics (BVI) (NASDAQ:NCEW) Stock Price Down 2% – Here’s Why

Shares of New Century Logistics (BVI) Limited (NASDAQ:NCEW) fell 2% on Thursday . The company traded as low as $16.02 and last traded at $15.93. 1,065 shares changed hands during trading, a decline of 79% from the average session volume of 4,992 shares. The stock had previously closed at $16.25.

New Century Logistics (BVI) Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50-day moving average of $11.12 and a two-hundred day moving average of $7.44.

New Century Logistics (BVI) (NASDAQ:NCEW) last posted its quarterly earnings data on Sunday, February 15th. The company reported ($1.50) earnings per share for the quarter. The company had revenue of $11.35 million during the quarter.

New Century Logistics (BVI) Company Profile

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).