Singularity Future Technology (NASDAQ:SGLY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Singularity Future Technology (NASDAQ:SGLY) from a sell rating to a hold rating in a report issued on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Singularity Future Technology in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Singularity Future Technology Stock Performance

Shares of NASDAQ SGLY opened at $0.68 on Friday. Singularity Future Technology has a fifty-two week low of $0.66 and a fifty-two week high of $14.28. The firm has a market capitalization of $2.38 million, a PE ratio of -0.03 and a beta of 1.45. The stock’s 50-day simple moving average is $2.29 and its 200-day simple moving average is $4.21.

Singularity Future Technology (NASDAQ:SGLY) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $7.00 by ($5.40). Singularity Future Technology had a negative net margin of 347.46% and a negative return on equity of 35.44%. The company had revenue of $0.83 million during the quarter, compared to analysts’ expectations of $11.30 million.

Singularity Future Technology Company Profile

Singularity Future Technology Ltd., formerly known as Sino-Global Shipping America Ltd., is a logistics and supply chain services company. Its traditional business has included shipping agency services, freight forwarding, container trucking, warehousing coordination and related transportation support for cargo moving through international trade routes.

The company has historically served customers involved in global shipping, with operations and business relationships connected to the United States and China.