BEST (NYSE:BEST) Shares Up 0.2% – Here’s What Happened

BEST Inc. (NYSE:BEST) shot up 0.2% during trading on Friday . The stock traded as high as $2.82 and last traded at $2.81. 61,416 shares changed hands during mid-day trading, an increase of 164% from the average session volume of 23,261 shares. The stock had previously closed at $2.80.

BEST Stock Performance

The firm has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $2.77. The firm has a market cap of $56.37 million, a P/E ratio of -0.53 and a beta of 0.85.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BEST. Virtu Financial LLC bought a new stake in shares of BEST during the 4th quarter valued at about $81,000. CSS LLC IL boosted its position in shares of BEST by 25.5% during the 4th quarter. CSS LLC IL now owns 125,680 shares of the company’s stock valued at $333,000 after acquiring an additional 25,506 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of BEST by 5.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 184,206 shares of the company’s stock valued at $488,000 after acquiring an additional 9,243 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

About BEST

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.