Insider Buying: Star Fashion Culture (NASDAQ:STFS) CFO Buys 2,000,000 Shares of Stock

Star Fashion Culture Holdings Limited (NASDAQ:STFS) CFO Pingting Zhang purchased 2,000,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average price of $1.30 per share, with a total value of $2,600,000.00. Following the completion of the acquisition, the chief financial officer directly owned 2,032,500 shares of the company’s stock, valued at approximately $2,642,250. This trade represents a 6,153.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Star Fashion Culture Trading Up 11.0%

Shares of Star Fashion Culture stock traded up $0.33 during trading on Tuesday, reaching $3.37. The company’s stock had a trading volume of 19,741 shares, compared to its average volume of 179,042. The business’s fifty day moving average price is $10.50 and its 200-day moving average price is $6.73. Star Fashion Culture Holdings Limited has a one year low of $0.80 and a one year high of $104.00.

Star Fashion Culture (NASDAQ:STFS) last issued its quarterly earnings results on Friday, May 29th. The company reported ($0.01) EPS for the quarter. The business had revenue of $6.36 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on STFS shares. Wall Street Zen upgraded shares of Star Fashion Culture to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised Star Fashion Culture from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Star Fashion Culture currently has an average rating of “Sell”.

Star Fashion Culture Company Profile

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People’s Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. The company was founded in 2015 and is based in Xiamen, the People’s Republic of China. Star Fashion Culture Holdings Limited operates as a subsidiary of Xingji ZhangPingting Limited.