Lakeside (NASDAQ:LSH) Stock Price Up 14.6% – Here’s What Happened

Lakeside Holding Limited (NASDAQ:LSH)’s share price shot up 14.6% during mid-day trading on Tuesday. The stock traded as high as $0.7150 and last traded at $0.6396. Approximately 62,378,987 shares traded hands during mid-day trading, an increase of 44,609% from the average session volume of 139,523 shares. The stock had previously closed at $0.5583.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lakeside in a report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Lakeside Stock Down 1.4%

The company has a market capitalization of $28.89 million, a PE ratio of -3.11 and a beta of 1.76. The stock’s fifty day moving average price is $0.38 and its two-hundred day moving average price is $0.55.

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.