Shengfeng Development (NASDAQ:SFWL) Issues Quarterly Earnings Results

Shengfeng Development (NASDAQ:SFWL) issued its quarterly earnings data on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, reports. The company had revenue of $155.89 million for the quarter.

Shengfeng Development Stock Down 5.0%

Shengfeng Development stock opened at $8.74 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50-day moving average is $12.37 and its 200 day moving average is $13.28. Shengfeng Development has a 1-year low of $7.82 and a 1-year high of $18.60.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Shengfeng Development has an average rating of “Sell”.

About Shengfeng Development

Shengfeng Development Limited is a China-based logistics company that provides freight transportation and related supply-chain services. Through its operating subsidiaries, the company supports the movement and management of goods for business customers across China.

Its services include less-than-truckload and full-truckload transportation, warehousing, freight forwarding, and other logistics and supply-chain solutions. The company also provides value-added services designed to coordinate transportation, storage, distribution, and related logistics activities.

Shengfeng Development was established in 2001 and is headquartered in Fuzhou, Fujian Province, China.