BEST (BSTI) Trading Down 0.9%
Shares of BEST Inc (NYSE:BSTI) traded down 0.9% during trading on Thursday . The company traded as low as $7.60 and last traded at $7.89. 14,405 shares were traded during trading, a decline of 99% from the average session volume of 1,228,917 shares. The stock had previously closed at $7.96.
A number of analysts have commented on the company. KeyCorp decreased their target price on BEST from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, August 9th. JPMorgan Chase & Co. decreased their target price on BEST from $14.80 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 10th. Macquarie downgraded BEST from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 13th. Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. Finally, Citigroup downgraded BEST from a “buy” rating to a “neutral” rating in a research report on Thursday, May 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.60.
The stock has a market cap of $3.20 billion and a PE ratio of -6.02.
About BEST (NYSE:BSTI)
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.
Further Reading: Google Finance Portfolio Workaround
Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.