BEST Inc. (NYSE:BEST)’s share price fell 8.4% on Tuesday . The company traded as low as $4.50 and last traded at $4.50, 2,613,724 shares were traded during trading. An increase of 174% from the average session volume of 953,383 shares. The stock had previously closed at $4.91.
A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of BEST from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Sanford C. Bernstein lowered shares of BEST from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $11.00 to $6.00 in a report on Tuesday, April 23rd. Finally, KeyCorp cut their price objective on shares of BEST from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, May 15th.
The company has a market cap of $1.81 billion, a price-to-earnings ratio of -21.43, a price-to-earnings-growth ratio of 3.78 and a beta of 1.20. The firm’s 50 day moving average price is $5.09.
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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