Caravelle International Group (NASDAQ:HTCO) Shares Up 10% – Still a Buy?

Caravelle International Group (NASDAQ:HTCO) was up 10% on Monday . The stock traded as high as $3.82 and last traded at $3.40. 271,192 shares were traded during trading, an increase of 110% from the average session volume of 129,001 shares. The stock had previously closed at $3.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Caravelle International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Caravelle International Group currently has an average rating of “Sell”.

Caravelle International Group Stock Performance

The stock has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $7.46.

Caravelle International Group (NASDAQ:HTCO) last released its quarterly earnings data on Wednesday, July 22nd. The company reported ($0.34) earnings per share for the quarter. The firm had revenue of $68.73 million during the quarter.

Caravelle International Group Company Profile

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.