Singularity Future Technology (NASDAQ:SGLY) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Singularity Future Technology (NASDAQ:SGLY) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Singularity Future Technology in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Singularity Future Technology Trading Up 34.1%

SGLY opened at $0.98 on Friday. Singularity Future Technology has a 1-year low of $0.72 and a 1-year high of $16.10. The company has a market cap of $3.43 million, a price-to-earnings ratio of -0.04 and a beta of 1.45. The company’s fifty day moving average price is $2.82 and its two-hundred day moving average price is $4.41.

About Singularity Future Technology

Singularity Future Technology Limited is a technology company focused primarily on digital-asset mining and related blockchain activities. Its operations have included the deployment and management of cryptocurrency-mining equipment, as well as efforts to develop infrastructure and services supporting blockchain-based businesses.

The company was formerly known as Sino-Global Shipping America, Ltd. and historically provided shipping-related services, including logistics coordination and freight-forwarding support.