According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “
A number of other equities research analysts also recently issued reports on BEST. Sanford C. Bernstein downgraded shares of BEST from a market perform rating to an underperform rating in a research note on Tuesday, August 20th. ValuEngine upgraded shares of BEST from a hold rating to a buy rating in a research note on Friday, November 1st.
Shares of BEST stock traded up $0.21 on Thursday, hitting $5.84. The company’s stock had a trading volume of 1,546,500 shares, compared to its average volume of 1,661,312. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $5.32 and its 200-day moving average is $5.07. BEST has a fifty-two week low of $3.77 and a fifty-two week high of $6.86.
BEST (NYSE:BEST) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $9.14 billion. BEST had a negative net margin of 0.86% and a negative return on equity of 4.83%. The firm’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that BEST will post -0.06 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Comerica Bank acquired a new stake in BEST during the third quarter worth about $65,000. Commonwealth Equity Services LLC acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $104,000. TradeLink Capital LLC acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $121,000. Nwam LLC acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $211,000. Finally, Segantii Capital Management Ltd acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $316,000. Hedge funds and other institutional investors own 19.73% of the company’s stock.
BEST Company Profile
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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