Tianci International, Inc. (NASDAQ:CIIT – Free Report)’s stock is set to reverse split on Monday, July 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 19th.
Tianci International Trading Down 21.0%
Shares of CIIT stock traded down $0.09 during mid-day trading on Thursday, reaching $0.32. 2,525,120 shares of the company’s stock traded hands, compared to its average volume of 12,111,288. Tianci International has a 12 month low of $0.26 and a 12 month high of $8.89. The firm has a 50 day moving average price of $0.97 and a two-hundred day moving average price of $2.02.
Tianci International (NASDAQ:CIIT – Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported $0.01 EPS for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.The firm had revenue of $4.31 million during the quarter.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on CIIT
About Tianci International
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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