New Century Logistics (BVI) (NASDAQ:NCEW) Stock Price Down 3.6% – Time to Sell?

New Century Logistics (BVI) Limited (NASDAQ:NCEW) traded down 3.6% on Monday . The company traded as low as $19.84 and last traded at $19.0210. 2,042 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 3,064 shares. The stock had previously closed at $19.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, New Century Logistics (BVI) presently has an average rating of “Sell”.

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 firm’s 50-day simple moving average is $16.67 and its 200 day simple moving average is $10.70.

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

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).