BEST (NYSE:BEST) Stock Price Down 8.7%

BEST Inc. (NYSE:BEST) was down 8.7% on Tuesday . The company traded as low as $5.14 and last traded at $5.14, approximately 1,975,121 shares changed hands during mid-day trading. An increase of 93% from the average daily volume of 1,024,332 shares. The stock had previously closed at $5.63.

A number of equities analysts recently weighed in on BEST shares. Zacks Investment Research cut BEST from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Sanford C. Bernstein cut BEST from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 20th.

The company has a market cap of $2.10 billion, a price-to-earnings ratio of -24.48 and a beta of 1.25. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $4.88 and a two-hundred day moving average of $5.09.

BEST (NYSE:BEST) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.89 billion. BEST had a negative return on equity of 8.34% and a negative net margin of 1.04%. BEST’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) EPS. On average, research analysts forecast that BEST Inc. will post -0.07 EPS for the current fiscal year.

BEST Company Profile (NYSE:BEST)

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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