Tianci International (NASDAQ:CIIT) Posts Quarterly Earnings Results

Tianci International (NASDAQ:CIIT) issued its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, FiscalAI reports. Tianci International had a negative net margin of 26.01% and a negative return on equity of 96.90%. The firm had revenue of $4.31 million for the quarter.

Tianci International Trading Down 10.7%

Shares of CIIT stock traded down $0.06 during trading hours on Monday, hitting $0.49. The company’s stock had a trading volume of 1,600,558 shares, compared to its average volume of 2,309,027. The business has a fifty day moving average of $1.34 and a 200-day moving average of $2.36. Tianci International has a twelve month low of $0.38 and a twelve month high of $15.96. The stock has a market cap of $1.77 million, a price-to-earnings ratio of -0.37 and a beta of 0.76.

About Tianci International

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).