Globavend (NASDAQ:GVH – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $7.41 million during the quarter.
Globavend Price Performance
Shares of GVH stock opened at $4.62 on Tuesday. Globavend has a 12-month low of $0.87 and a 12-month high of $16.54. The stock has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $2.65.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connective Capital Management LLC acquired a new stake in shares of Globavend in the fourth quarter valued at approximately $253,000. Sabby Management LLC acquired a new stake in shares of Globavend during the fourth quarter valued at $257,000. Finally, Jane Street Group LLC purchased a new stake in Globavend during the 2nd quarter worth about $29,000.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on GVH
About Globavend
Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.
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