Insider Buying: Star Fashion Culture (NASDAQ:STFS) CFO Purchases $2,600,000.00 in Stock

Star Fashion Culture Holdings Limited (NASDAQ:STFS) CFO Pingting Zhang acquired 2,000,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was bought at an average cost of $1.30 per share, with a total value of $2,600,000.00. Following the completion of the transaction, the chief financial officer owned 2,032,500 shares in the company, valued at $2,642,250. This trade represents a 6,153.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Star Fashion Culture Stock Down 16.9%

Shares of NASDAQ:STFS opened at $3.97 on Friday. The firm’s 50 day simple moving average is $10.23 and its 200-day simple moving average is $6.72. Star Fashion Culture Holdings Limited has a one year low of $0.80 and a one year high of $104.00.

Star Fashion Culture (NASDAQ:STFS) last posted its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.36 million for the quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on STFS. Weiss Ratings raised Star Fashion Culture from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen raised Star Fashion Culture to a “hold” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Star Fashion Culture presently has a consensus rating of “Sell”.

About Star Fashion Culture

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People’s Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. The company was founded in 2015 and is based in Xiamen, the People’s Republic of China. Star Fashion Culture Holdings Limited operates as a subsidiary of Xingji ZhangPingting Limited.