BEST (NYSE:BEST) Trading Down 0.2% – Time to Sell?

BEST Inc. (NYSE:BEST)’s stock price dropped 0.2% during trading on Friday . The company traded as low as $2.72 and last traded at $2.72. Approximately 3,061 shares changed hands during trading, a decline of 87% from the average daily volume of 23,204 shares. The stock had previously closed at $2.72.

BEST Trading Down 0.2 %

The business has a 50-day moving average price of $2.73 and a 200 day moving average price of $2.47. The company has a market cap of $54.79 million, a price-to-earnings ratio of -0.52 and a beta of 0.82.

Institutional Investors Weigh In On BEST

A hedge fund recently bought a new stake in BEST stock. Deuterium Capital Management LLC bought a new stake in BEST Inc. (NYSE:BEST) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,409 shares of the company’s stock, valued at approximately $71,000. Deuterium Capital Management LLC owned approximately 0.16% of BEST as of its most recent SEC filing. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

About BEST

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.