New Century Logistics (BVI) (NASDAQ:NCEW) Trading Down 2% – What’s Next?

New Century Logistics (BVI) Limited (NASDAQ:NCEW) fell 2% during trading on Thursday . The company traded as low as $0.55 and last traded at $0.59. 171,604 shares were traded during mid-day trading, a decline of 63% from the average session volume of 469,417 shares. The stock had previously closed at $0.60.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of New Century Logistics (BVI) to a “hold” rating in a report on Saturday, June 14th.

New Century Logistics (BVI) Trading Down 2.0%

The firm has a fifty day moving average price of $0.74 and a 200 day moving average price of $1.18.

New Century Logistics (BVI) Company Profile

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).