New Century Logistics (BVI) (NASDAQ:NCEW) Shares Down 10.3% – Here’s What Happened

Shares of New Century Logistics (BVI) Limited (NASDAQ:NCEW) dropped 10.3% during mid-day trading on Wednesday . The stock traded as low as $0.58 and last traded at $0.60. Approximately 142,556 shares traded hands during mid-day trading, an increase of 112% from the average daily volume of 67,246 shares. The stock had previously closed at $0.67.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of New Century Logistics (BVI) to a “hold” rating in a report on Saturday, June 14th.

New Century Logistics (BVI) Price Performance

The firm’s 50-day moving average is $0.87 and its 200 day moving average is $1.28.

About New Century Logistics (BVI)

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).