New Century Logistics (BVI) (NASDAQ:NCEW) Announces Quarterly Earnings Results

New Century Logistics (BVI) (NASDAQ:NCEW) posted its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, FiscalAI reports. The business had revenue of $14.28 million during the quarter.

New Century Logistics (BVI) Stock Performance

Shares of NASDAQ:NCEW opened at $16.50 on Tuesday. New Century Logistics has a twelve month low of $2.80 and a twelve month high of $20.83. The firm has a 50 day simple moving average of $17.99 and a 200-day simple moving average of $12.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

New Century Logistics (BVI) Company Profile

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).