Singularity Future Technology (NASDAQ:SGLY) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Singularity Future Technology (NASDAQ:SGLY) from a sell rating to a hold rating in a research note released on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Singularity Future Technology in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Singularity Future Technology Stock Performance

Shares of NASDAQ:SGLY opened at $0.72 on Friday. The stock’s 50-day moving average price is $2.51 and its 200-day moving average price is $4.27. Singularity Future Technology has a 12-month low of $0.66 and a 12-month high of $14.28. The stock has a market capitalization of $2.52 million, a P/E ratio of -0.03 and a beta of 1.45.

Singularity Future Technology Company Profile

Singularity Future Technology Ltd., formerly known as Sino-Global Shipping America Ltd., is a logistics and supply chain services company. Its traditional business has included shipping agency services, freight forwarding, container trucking, warehousing coordination and related transportation support for cargo moving through international trade routes.

The company has historically served customers involved in global shipping, with operations and business relationships connected to the United States and China.