TIANCI INTERNATIONAL, INC.’s Lock-Up Period To End on October 7th (NASDAQ:CIIT)

TIANCI INTERNATIONAL’s (NASDAQ:CIIT) lock-up period will end on Tuesday, October 7th. TIANCI INTERNATIONAL had issued 1,750,000 shares in its initial public offering on April 10th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

CIIT has been the topic of several analyst reports. Wall Street Zen cut TIANCI INTERNATIONAL to a “strong sell” rating in a report on Saturday, July 5th. Weiss Ratings restated a “sell (d-)” rating on shares of TIANCI INTERNATIONAL in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

TIANCI INTERNATIONAL Stock Up 3.9%

Shares of TIANCI INTERNATIONAL stock opened at $0.63 on Friday. TIANCI INTERNATIONAL has a twelve month low of $0.51 and a twelve month high of $4.40. The firm has a market capitalization of $9.37 million and a PE ratio of -9.06. The firm has a fifty day moving average price of $0.81.

TIANCI INTERNATIONAL (NASDAQ:CIIT) last issued its earnings results on Friday, October 3rd. The company reported ($0.09) earnings per share for the quarter. TIANCI INTERNATIONAL had a negative net margin of 11.78% and a negative return on equity of 67.72%.

About TIANCI INTERNATIONAL

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.