BEST Inc. (NYSE:BEST)’s stock price shot up 5.5% during trading on Friday . The stock traded as high as $4.39 and last traded at $4.39, 691,873 shares traded hands during trading. A decline of 27% from the average session volume of 953,154 shares. The stock had previously closed at $4.16.
BEST has been the subject of a number of analyst reports. Sanford C. Bernstein cut shares of BEST from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $11.00 to $6.00 in a report on Tuesday, April 23rd. Zacks Investment Research cut shares of BEST from a “hold” rating to a “sell” rating in a report on Friday. Finally, KeyCorp decreased their price objective on shares of BEST from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, May 15th.
The stock has a market cap of $1.66 billion, a PE ratio of -20.90, a price-to-earnings-growth ratio of 3.46 and a beta of 1.20. The stock’s fifty day moving average is $5.02.
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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