Tianci International (NASDAQ:CIIT) Stock Price Down 3.8% – Time to Sell?

Shares of Tianci International, Inc. (NASDAQ:CIIT) fell 3.8% during trading on Friday. The stock traded as low as $1.81 and last traded at $1.8850. 6,678 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 69,132 shares. The stock had previously closed at $1.96.

Analysts Set New Price Targets

Several brokerages have recently commented on CIIT. Weiss Ratings cut shares of Tianci International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 28th. Wall Street Zen upgraded shares of Tianci International to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Tianci International Trading Down 3.8%

The company has a 50 day moving average price of $2.67 and a 200-day moving average price of $7.23. The company has a market cap of $1.83 million, a P/E ratio of -0.21 and a beta of 1.57.

About Tianci International

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).