Tianci International (NASDAQ:CIIT) Shares Up 6.2% – Here’s Why

Tianci International, Inc. (NASDAQ:CIIT)’s stock price traded up 6.2% during trading on Thursday . The stock traded as high as $0.2784 and last traded at $0.2697. 1,668,956 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 6,237,865 shares. The stock had previously closed at $0.2540.

Analyst Ratings Changes

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

Tianci International Price Performance

The stock has a 50 day simple moving average of $3.24 and a two-hundred day simple moving average of $3.76. The company has a market cap of $43.57 million and a PE ratio of -9.05.

Tianci International (NASDAQ:CIIT) last announced its earnings results on Thursday, March 12th. The company reported ($0.14) earnings per share for the quarter. Tianci International had a negative return on equity of 96.90% and a negative net margin of 26.01%.The business had revenue of $3.88 million for 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).