MingZhu Logistics (NASDAQ:YGMZ) Receives Sell (D) Rating from Weiss Ratings

Key Points

• MingZhu Logistics has received a reaffirmed "sell (D)" rating from Weiss Ratings, signaling negative outlook from analysts.
• The stock price of MingZhu Logistics traded at $0.72, with a 52-week range between $0.63 and $1.77, indicating volatility in its performance.
• Institutional investors hold a small stake of 0.17% in MingZhu Logistics, with Geode Capital Management recently purchasing approximately $30,000 worth of shares.

MingZhu Logistics (NASDAQ:YGMZ - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

MingZhu Logistics Price Performance

MingZhu Logistics stock traded up $0.02 during midday trading on Wednesday, hitting $0.72. 614,529 shares of the stock were exchanged, compared to its average volume of 108,568. MingZhu Logistics has a fifty-two week low of $0.63 and a fifty-two week high of $1.77. The stock's 50-day simple moving average is $0.80 and its 200 day simple moving average is $0.97.

Institutional Investors Weigh In On MingZhu Logistics

A hedge fund recently bought a new stake in MingZhu Logistics stock. Geode Capital Management LLC purchased a new stake in shares of MingZhu Logistics Holdings Limited (NASDAQ:YGMZ - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 29,831 shares of the company's stock, valued at approximately $30,000. Hedge funds and other institutional investors own 0.17% of the company's stock.

About MingZhu Logistics

MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking services in the People's Republic of China. The company also provides car-hailing and driver management services, and car owner services. It serves sizeable third-party logistics companies, freight forwarders, and warehouse operators, as well as other supply chain service providers.

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