Tianci International (NASDAQ:CIIT) Releases Quarterly Earnings Results

Tianci International (NASDAQ:CIIT) released its quarterly earnings data on Wednesday. The company reported ($2.67) earnings per share for the quarter, FiscalAI reports. Tianci International had a negative net margin of 14.73% and a negative return on equity of 76.73%. The company had revenue of $2.23 million during the quarter.

Tianci International Trading Down 6.0%

Shares of CIIT stock traded down $0.10 during trading hours on Thursday, reaching $1.60. 8,897 shares of the stock were exchanged, compared to its average volume of 280,017. The company’s 50-day moving average price is $2.41 and its 200-day moving average price is $13.11. The firm has a market capitalization of $1.56 million, a price-to-earnings ratio of -0.18 and a beta of 1.78. Tianci International has a 12-month low of $1.58 and a 12-month high of $52.50.

Wall Street Analyst Weigh In

CIIT has been the subject of several research reports. Wall Street Zen upgraded shares of Tianci International to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of Tianci International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Tianci International

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).