BEST (NYSE:BEST) Shares Up 5.5%

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 (NYSE:BEST) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.89 billion. BEST had a negative net margin of 1.04% and a negative return on equity of 8.27%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.15) earnings per share. On average, sell-side analysts forecast that BEST Inc. will post 0.03 earnings per share 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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