Shengfeng Development (NASDAQ:SFWL) Stock Price Up 2.2% – Time to Buy?

Shengfeng Development Limited (NASDAQ:SFWLGet Free Report) shot up 2.2% during mid-day trading on Friday . The company traded as high as $0.8891 and last traded at $0.8890. 1,211 shares were traded during trading, a decline of 91% from the average session volume of 13,272 shares. The stock had previously closed at $0.8701.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Shengfeng Development in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Research Report on SFWL

Shengfeng Development Trading Up 2.2%

The stock has a fifty day moving average price of $0.94 and a two-hundred day moving average price of $0.99.

About Shengfeng Development

(Get Free Report)

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.

Further Reading

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