Caravelle International Group (NASDAQ:HTCO) Posts Quarterly Earnings Results

Caravelle International Group (NASDAQ:HTCO) posted its quarterly earnings data on Wednesday. The company reported ($0.34) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $68.73 million for the quarter.

Caravelle International Group Stock Performance

Caravelle International Group stock opened at $3.02 on Wednesday. The company’s 50-day moving average is $4.15 and its 200-day moving average is $7.67. Caravelle International Group has a fifty-two week low of $1.83 and a fifty-two week high of $56.59.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Caravelle International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Caravelle International Group

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.