Tianci International (NASDAQ:CIIT) Trading Down 8.3% – What’s Next?

Tianci International, Inc. (NASDAQ:CIITGet Free Report) shares dropped 8.3% during trading on Wednesday . The company traded as low as $1.03 and last traded at $1.10. Approximately 36,099 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 19,755 shares. The stock had previously closed at $1.20.

Tianci International Stock Up 5.7%

The business has a 50 day moving average price of $1.45 and a 200 day moving average price of $2.49.

About Tianci International

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The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).

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