Shengfeng Development (NASDAQ:SFWL) Announces Earnings Results

Shengfeng Development (NASDAQ:SFWL) announced its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, reports. The firm had revenue of $155.89 million for the quarter.

Shengfeng Development Stock Up 5.9%

Shares of NASDAQ:SFWL opened at $8.67 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $12.45 and its 200-day moving average is $13.32. Shengfeng Development has a 52-week low of $7.82 and a 52-week high of $18.75.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Shengfeng Development currently has a consensus rating of “Sell”.

Shengfeng Development Company Profile

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.