Lakeside (NASDAQ:LSH) Trading 12.6% Higher – Here’s What Happened

Shares of Lakeside Holding Limited (NASDAQ:LSH) were up 12.6% during mid-day trading on Monday . The company traded as high as $0.3188 and last traded at $0.3140. Approximately 94,389 shares traded hands during trading, a decline of 31% from the average daily volume of 136,510 shares. The stock had previously closed at $0.2788.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lakeside in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lakeside Stock Up 120.6%

The business has a 50-day moving average price of $0.46 and a two-hundred day moving average price of $0.64. The company has a market capitalization of $23.85 million, a price-to-earnings ratio of -2.57 and a beta of 1.76.

Institutional Trading of Lakeside

A hedge fund recently raised its stake in Lakeside stock. Geode Capital Management LLC raised its holdings in Lakeside Holding Limited (NASDAQ:LSH) by 352.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,900 shares of the company’s stock after buying an additional 54,445 shares during the period. Geode Capital Management LLC owned about 0.40% of Lakeside worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

About Lakeside

Lakeside Holding Limited, through its subsidiaries, provides integrated cross-border supply chain solution in the United States, China, South Korea, and internationally. It offers a range of integrated services under cross-border ocean freight solutions and cross-border airfreight solutions, including cross-border freight consolidation and forwarding services, customs clearance services, warehousing and distribution services, and U.S. domestic ground transportation services. The company customers include logistics service companies serving e-commerce platforms, social commerce platforms, and manufacturers to sell and transport consumer and industrial goods.