Shares of Tianci International, Inc. (NASDAQ:CIIT – Free Report) are scheduled to reverse split before the market opens 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%
CIIT traded down $0.09 on Thursday, reaching $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 business 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 earnings results on Monday, June 22nd. The company reported $0.01 earnings per share (EPS) for the quarter. Tianci International had a negative net margin of 14.73% and a negative return on equity of 76.73%. The business had revenue of $4.31 million during the quarter.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on CIIT
Tianci International Company Profile
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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