Tianci International (NASDAQ:CIIT) Posts Earnings Results

Tianci International (NASDAQ:CIIT) announced its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.88 million during the quarter. Tianci International had a negative net margin of 27.82% and a negative return on equity of 104.23%.

Tianci International Stock Performance

CIIT traded down $0.03 during mid-day trading on Friday, reaching $0.27. 330,579 shares of the stock were exchanged, compared to its average volume of 1,375,210. Tianci International has a 1 year low of $0.22 and a 1 year high of $4.00. The stock has a market capitalization of $6.57 million and a PE ratio of -1.49. The company has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Tianci International Company Profile

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).