Shares of BEST Inc. (NYSE:BEST) were up 5% during mid-day trading on Friday . The company traded as high as $5.30 and last traded at $5.22, approximately 2,336,135 shares traded hands during trading. An increase of 116% from the average daily volume of 1,080,265 shares. The stock had previously closed at $4.97.
A number of equities analysts have recently issued reports on BEST shares. Sanford C. Bernstein downgraded BEST from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 20th. Zacks Investment Research downgraded BEST from a “hold” rating to a “sell” rating in a research note on Friday, August 16th.
The firm has a market capitalization of $1.81 billion, a PE ratio of -24.86 and a beta of 1.30. The business has a 50 day moving average price of $5.01 and a 200-day moving average price of $5.07. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02.
BEST (NYSE:BEST) last issued its earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.89 billion. BEST had a negative return on equity of 8.34% and a negative net margin of 1.04%. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) EPS. On average, equities research analysts forecast that BEST Inc. will post -0.06 earnings per share for the current year.
About BEST (NYSE:BEST)
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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