BEST (BSTI) Shares Up 7.2%

BEST Inc (NYSE:BSTI)’s share price shot up 7.2% during mid-day trading on Monday . The stock traded as high as $5.15 and last traded at $5.08. 1,169,563 shares changed hands during trading, an increase of 72% from the average session volume of 680,892 shares. The stock had previously closed at $4.74.

Several brokerages recently issued reports on BSTI. Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. KeyCorp reduced their price target on shares of BEST from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, November 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. BEST has a consensus rating of “Buy” and an average price target of $9.33.

The firm has a market capitalization of $1.75 billion, a PE ratio of -4.00, a PEG ratio of 0.86 and a beta of 0.05.

BEST (NYSE:BSTI) last issued its earnings results on Friday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Equities analysts expect that BEST Inc will post -0.17 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of BEST by 15.3% in the 4th quarter. Bank of Montreal Can now owns 56,543 shares of the company’s stock worth $232,000 after purchasing an additional 7,513 shares during the last quarter. Nwam LLC lifted its holdings in shares of BEST by 31.6% in the 4th quarter. Nwam LLC now owns 41,810 shares of the company’s stock worth $172,000 after purchasing an additional 10,050 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in BEST in the fourth quarter valued at $44,000. Legal & General Group Plc bought a new stake in BEST in the third quarter valued at $84,000. Finally, AJ Wealth Strategies LLC lifted its stake in BEST by 36.4% in the third quarter. AJ Wealth Strategies LLC now owns 72,647 shares of the company’s stock valued at $430,000 after buying an additional 19,379 shares during the last quarter. 16.57% of the stock is currently owned by institutional investors and hedge funds.

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BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.

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