Tianci International (NASDAQ:CIIT) Stock Scheduled to Reverse Split on Monday, July 20th

Tianci International, Inc. (NASDAQ:CIITFree Report) shares are going to reverse split on the morning of Monday, July 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 19th.

Tianci International Stock Down 21.0%

Tianci International stock traded down $0.09 during trading hours on Thursday, reaching $0.32. 2,525,120 shares of the company’s stock were exchanged, compared to its average volume of 3,806,013. The firm’s 50 day simple moving average is $0.97 and its 200 day simple moving average is $2.02. Tianci International has a twelve month low of $0.26 and a twelve month high of $8.89. The firm has a market capitalization of $1.18 million, a PE ratio of -0.36 and a beta of 1.41.

Tianci International (NASDAQ:CIITGet Free Report) last announced its quarterly earnings data on Monday, June 22nd. The company reported $0.01 earnings per share (EPS) for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.The company had revenue of $4.31 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Read Our Latest Analysis on CIIT

About Tianci International

(Get Free Report)

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).

Further Reading

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