BEST (NYSE:BEST) Stock Price Up 3.4%

Shares of BEST Inc. (NYSE:BESTGet Rating) rose 3.4% on Tuesday . The stock traded as high as $1.22 and last traded at $1.22. Approximately 94,927 shares traded hands during trading, a decline of 77% from the average daily volume of 412,117 shares. The stock had previously closed at $1.18.

The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.11. The firm’s 50 day simple moving average is $1.39 and its two-hundred day simple moving average is $2.93. The stock has a market cap of $96.99 million, a P/E ratio of 1.14 and a beta of 0.57.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of BEST by 1.5% during the first quarter. Bank of America Corp DE now owns 1,371,077 shares of the company’s stock worth $885,000 after acquiring an additional 19,984 shares during the last quarter. Virtu Financial LLC grew its position in shares of BEST by 291.8% during the first quarter. Virtu Financial LLC now owns 124,277 shares of the company’s stock worth $80,000 after acquiring an additional 92,560 shares during the last quarter. State Street Corp grew its position in shares of BEST by 6.5% during the first quarter. State Street Corp now owns 1,701,375 shares of the company’s stock worth $1,097,000 after acquiring an additional 103,228 shares during the last quarter. Renaissance Technologies LLC bought a new position in BEST in the 1st quarter valued at about $59,000. Finally, Ergoteles LLC bought a new position in BEST in the 1st quarter valued at about $74,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

About BEST (NYSE:BEST)

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, 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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