Shengfeng Development (NASDAQ:SFWL) Posts Quarterly Earnings Results

Shengfeng Development (NASDAQ:SFWL) announced its quarterly earnings data on Tuesday. The company reported $0.59 EPS for the quarter, reports. The company had revenue of $155.89 million for the quarter.

Shengfeng Development Trading Up 3.4%

NASDAQ:SFWL traded up $0.28 during mid-day trading on Tuesday, reaching $8.47. 1,454 shares of the company were exchanged, compared to its average volume of 1,538. The company has a fifty day moving average of $12.53 and a 200 day moving average of $13.35. Shengfeng Development has a 12 month low of $7.82 and a 12 month high of $18.75. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Shengfeng Development

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.