BEST Inc (NYSE:BSTI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.10 and last traded at $9.42, with a volume of 954000 shares changing hands. The stock had previously closed at $9.65.

Several equities analysts recently issued reports on BSTI shares. Goldman Sachs Group started coverage on BEST in a research report on Sunday, October 15th. They issued a “buy” rating and a $16.60 price target on the stock. Deutsche Bank started coverage on BEST in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Stifel Nicolaus started coverage on BEST in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target on the stock. Credit Suisse Group started coverage on BEST in a research report on Monday, October 16th. They issued an “outperform” rating on the stock. Finally, Oppenheimer started coverage on BEST in a research report on Tuesday. They issued an “outperform” rating and a $13.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $14.92.

A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC bought a new position in shares of BEST Inc (NYSE:BSTI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,600 shares of the company’s stock, valued at approximately $127,000. 13.31% of the stock is owned by institutional investors.

WARNING: “BEST (BSTI) Reaches New 12-Month Low at $9.10” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://theolympiareport.com/2017/12/05/best-bsti-reaches-new-12-month-low-at-9-10.html.

About BEST

BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.

Receive News & Ratings for BEST Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.