BEST (BSTI) Trading Up 7.2%

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.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of BEST by 9.1% during the third quarter. Wells Fargo & Company MN now owns 8,385,061 shares of the company’s stock valued at $49,640,000 after buying an additional 701,114 shares during the last quarter. Fosun International Ltd bought a new stake in shares of BEST in the third quarter worth about $39,273,000. Vanguard Group Inc. grew its stake in shares of BEST by 6.7% in the third quarter. Vanguard Group Inc. now owns 5,695,499 shares of the company’s stock worth $33,717,000 after purchasing an additional 357,716 shares during the last quarter. Vanguard Group Inc grew its stake in shares of BEST by 6.7% in the third quarter. Vanguard Group Inc now owns 5,695,499 shares of the company’s stock worth $33,717,000 after purchasing an additional 357,716 shares during the last quarter. Finally, Tiger Pacific Capital LP grew its stake in shares of BEST by 6.9% in the fourth quarter. Tiger Pacific Capital LP now owns 4,990,888 shares of the company’s stock worth $20,513,000 after purchasing an additional 321,564 shares during the last quarter. 16.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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