New Century Logistics (BVI) (NASDAQ:NCEW) Shares Down 2.3% – Time to Sell?

Shares of New Century Logistics (BVI) Limited (NASDAQ:NCEW) dropped 2.3% during mid-day trading on Thursday . The company traded as low as $7.83 and last traded at $7.82. Approximately 551 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 8,980 shares. The stock had previously closed at $8.00.

New Century Logistics (BVI) Price Performance

The company’s 50-day moving average is $6.76 and its two-hundred day moving average is $5.35.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).