Tianci International (NASDAQ:CIIT) Stock Set to Reverse Split on Monday, July 20th

by · The Markets Daily

Shares of Tianci International, Inc. (NASDAQ:CIIT – Free Report) are scheduled to reverse split on the morning of Monday, July 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 19th.

Tianci International Stock Down 21.0%

NASDAQ CIIT traded down $0.09 during trading hours on Thursday, hitting $0.32. The company had a trading volume of 2,525,120 shares, compared to its average volume of 12,111,288. Tianci International has a 52 week low of $0.26 and a 52 week high of $8.89. The firm has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $2.02.

Tianci International (NASDAQ:CIIT – Get Free Report) last announced its quarterly earnings results on Monday, June 22nd. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $4.31 million for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Tianci International in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tianci International presently has an average rating of “Sell”.

View Our Latest Research Report on Tianci International

Tianci International Company Profile

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The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).

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