BEST (BSTI) Issues Earnings Results
BEST (NYSE:BSTI) announced its quarterly earnings data on Friday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03), MarketWatch Earnings reports. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. BEST updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
Shares of BSTI stock traded down $0.75 during mid-day trading on Friday, hitting $5.19. The company’s stock had a trading volume of 2,470,618 shares, compared to its average volume of 1,179,669. BEST has a 52-week low of $4.67 and a 52-week high of $13.54. The stock has a market capitalization of $2.20 billion, a P/E ratio of -4.09 and a beta of -1.80.
Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of BEST by 64.8% in the second quarter. SG Americas Securities LLC now owns 20,758 shares of the company’s stock worth $254,000 after purchasing an additional 8,161 shares during the last quarter. AJ Wealth Strategies LLC grew its holdings in shares of BEST by 22.3% in the second quarter. AJ Wealth Strategies LLC now owns 53,268 shares of the company’s stock worth $651,000 after acquiring an additional 9,710 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of BEST in the first quarter worth $110,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BEST in the first quarter worth $115,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of BEST in the second quarter worth $159,000. Hedge funds and other institutional investors own 18.57% of the company’s stock.
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BEST Company Profile
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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