Caravelle International Group (NASDAQ:HTCO) Given Sell (E+) Rating at Weiss Ratings

Caravelle International Group (NASDAQ:HTCO)‘s stock had its “sell (e+)” rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Caravelle International Group to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Caravelle International Group currently has an average rating of “Sell”.

Caravelle International Group Price Performance

Shares of Caravelle International Group stock opened at $7.89 on Wednesday. Caravelle International Group has a twelve month low of $4.55 and a twelve month high of $112.50. The company’s fifty day moving average is $7.78 and its 200 day moving average is $13.50.

Caravelle International Group announced that its Board of Directors has approved a share buyback plan on Thursday, August 28th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.