Tianci International Shares Scheduled to Reverse Split on Monday, July 20th (NASDAQ:CIIT)

Tianci International, Inc. (NASDAQ:CIIT)’s stock is set to reverse split on Monday, July 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 19th.

Tianci International Price Performance

CIIT stock traded down $0.09 during midday trading on Thursday, reaching $0.32. 2,525,120 shares of the stock were exchanged, compared to its average volume of 3,806,013. Tianci International has a 52 week low of $0.26 and a 52 week high of $8.89. The company has a fifty day moving average price of $0.97 and a 200 day moving average price of $2.02. The stock has a market capitalization of $1.18 million, a PE ratio of -0.36 and a beta of 1.41.

Tianci International (NASDAQ:CIIT) last issued its earnings results on Monday, June 22nd. The company reported $0.01 earnings per share (EPS) for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.The business had revenue of $4.31 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tianci International in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus 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).