Caravelle International Group (NASDAQ:HTCO) Shares Up 1.2% – Time to Buy?

Caravelle International Group (NASDAQ:HTCOGet Free Report) shot up 1.2% on Wednesday . The company traded as high as $2.58 and last traded at $2.56. 41,674 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 51,054 shares. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on HTCO

Caravelle International Group Price Performance

The firm’s fifty day moving average price is $3.04 and its 200-day moving average price is $5.91.

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

Caravelle International Group Company Profile

(Get Free Report)

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.

Further Reading

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