New Century Logistics (BVI) (NASDAQ:NCEW) Stock Price Down 2% - Here's Why

Key Points

• New Century Logistics (NASDAQ:NCEW) fell about 2% mid-day to $15.93 after trading as low as $16.02, on just 1,065 shares — roughly 79% below its average session volume.
• In its most recent quarter (announced Feb. 15) the company reported a $1.50 per share loss and revenue of $11.35 million.
• The stock is trading well above its 50-day ($11.12) and 200-day ($7.44) moving averages and the company shows a very low debt-to-equity ratio (0.02) with current and quick ratios of 1.47.

New Century Logistics (BVI) Limited (NASDAQ:NCEW - Get Free Report)'s stock price fell 2% during mid-day trading on Thursday . The stock traded as low as $16.02 and last traded at $15.93. 1,065 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 4,992 shares. The stock had previously closed at $16.25.

New Century Logistics (BVI) Price Performance

The firm has a 50-day moving average price of $11.12 and a 200-day moving average price of $7.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.47 and a quick ratio of 1.47.

New Century Logistics (BVI) (NASDAQ:NCEW - Get Free Report) last announced its earnings results on Sunday, February 15th. The company reported ($1.50) earnings per share (EPS) for the quarter. The firm had revenue of $11.35 million during the quarter.

New Century Logistics (BVI) Company Profile

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).

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