Globavend (NASDAQ:GVH) Announces Quarterly Earnings Results

Globavend (NASDAQ:GVHGet Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $7.41 million for the quarter.

Globavend Trading Down 3.2%

Shares of GVH stock opened at $4.47 on Wednesday. Globavend has a twelve month low of $0.87 and a twelve month high of $16.00. The stock has a 50 day moving average of $4.34 and a 200 day moving average of $2.66.

Institutional Trading of Globavend

A number of hedge funds have recently added to or reduced their stakes in GVH. Connective Capital Management LLC acquired a new stake in shares of Globavend during the 4th quarter valued at about $253,000. Sabby Management LLC purchased a new position in shares of Globavend in the 4th quarter valued at about $257,000. Finally, Jane Street Group LLC acquired a new position in Globavend in the 2nd quarter worth about $29,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded Globavend to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Read Our Latest Stock Analysis on GVH

Globavend Company Profile

(Get Free Report)

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.

Further Reading

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