Shengfeng Development (NASDAQ:SFWL) Announces Quarterly Earnings Results

Shengfeng Development (NASDAQ:SFWL) announced its quarterly earnings results on Friday. The company reported $0.04 EPS for the quarter, FiscalAI reports. The business had revenue of $154.52 million for the quarter.

Shengfeng Development Price Performance

Shares of Shengfeng Development stock opened at $0.89 on Friday. Shengfeng Development has a 52 week low of $0.56 and a 52 week high of $1.29. The business has a 50 day moving average price of $0.92 and a 200-day moving average price of $0.96.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Shengfeng Development in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Shengfeng Development presently has a consensus rating of “Sell”.

About Shengfeng Development

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.