Shares of Wuhan General Group (China) (NASDAQ:BEST) traded down 7.3% during mid-day trading on Monday . The company traded as low as $4.32 and last traded at $4.08. 23,040 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 1,087,874 shares. The stock had previously closed at $4.40.
A number of analysts recently issued reports on the company. Sanford C. Bernstein cut Wuhan General Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $11.00 to $6.00 in a research report on Tuesday, April 23rd. KeyCorp decreased their target price on Wuhan General Group from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, May 15th. Finally, Zacks Investment Research raised Wuhan General Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.
Wuhan General Group (NASDAQ:BEST) last announced its earnings results on Tuesday, May 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.43). The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.49 billion. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.84) earnings per share.
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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