Shengfeng Development (NASDAQ:SFWL) Releases Quarterly Earnings Results

Shengfeng Development (NASDAQ:SFWL) announced its quarterly earnings results on Friday. The company reported $0.04 EPS for the quarter, FiscalAI reports. The company had revenue of $154.52 million during the quarter.

Shengfeng Development Stock Up 0.1%

Shares of NASDAQ SFWL opened at $0.89 on Friday. The business has a fifty day moving average price of $0.92 and a two-hundred day moving average price of $0.96. Shengfeng Development has a fifty-two week low of $0.56 and a fifty-two week high of $1.29.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Shengfeng Development in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Shengfeng Development presently has a consensus rating of “Sell”.

Shengfeng Development Company Profile

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.