BEST Inc (NYSE:BSTI) shares were up 7.2% during mid-day trading on Monday . The company traded as high as $5.15 and last traded at $5.08. Approximately 1,169,563 shares traded hands during trading, an increase of 72% from the average daily volume of 680,892 shares. The stock had previously closed at $4.74.
A number of research analysts have recently issued reports on BSTI shares. Zacks Investment Research raised BEST from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. KeyCorp reduced their price objective on BEST from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.33.
The company has a market cap of $2.01 billion, a PE ratio of -4.91, a PEG ratio of 0.86 and a beta of 0.05.
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BEST Company Profile (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: Moving Average (MA)
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