Tianci International (NASDAQ:CIIT) Shares Down 9.8% – Here’s What Happened

Tianci International, Inc. (NASDAQ:CIIT) shares dropped 9.8% on Thursday . The stock traded as low as $0.54 and last traded at $0.5410. Approximately 47,313 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 64,801 shares. The stock had previously closed at $0.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tianci International in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Tianci International Stock Down 9.8%

The company has a 50 day simple moving average of $0.47 and a two-hundred day simple moving average of $0.59. The company has a market capitalization of $13.27 million and a P/E ratio of -3.01.

Tianci International (NASDAQ:CIIT) last announced its earnings results on Thursday, December 11th. The company reported ($0.02) EPS for the quarter. Tianci International had a negative return on equity of 104.23% and a negative net margin of 27.82%.The company had revenue of $3.82 million during the quarter.

Tianci International Company Profile

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. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).