BEST (NYSE:BEST) Stock Price Down 4.7%

BEST Inc. (NYSE:BEST) shares dropped 4.7% on Friday . The company traded as low as $1.82 and last traded at $1.82. Approximately 38,236 shares changed hands during trading, a decline of 99% from the average daily volume of 4,848,319 shares. The stock had previously closed at $1.91.

Separately, Zacks Investment Research downgraded BEST from a “hold” rating to a “sell” rating in a research note on Thursday, September 2nd.

The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $717.25 million, a PE ratio of -2.03 and a beta of 0.57. The stock has a 50 day moving average price of $1.24 and a two-hundred day moving average price of $1.45.

BEST (NYSE:BEST) last issued its quarterly earnings data on Monday, August 16th. The company reported ($1.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.38). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.26 billion. BEST had a negative net margin of 7.33% and a negative return on equity of 150.67%. Sell-side analysts predict that BEST Inc. will post -0.93 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of BEST by 3.6% during the 1st quarter. Northern Trust Corp now owns 239,827 shares of the company’s stock valued at $450,000 after acquiring an additional 8,339 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in BEST by 5,791.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,201 shares of the company’s stock valued at $27,000 after buying an additional 14,943 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in BEST in the 2nd quarter valued at approximately $29,000. UBS Group AG grew its holdings in BEST by 3.2% in the 1st quarter. UBS Group AG now owns 596,247 shares of the company’s stock valued at $1,121,000 after buying an additional 18,458 shares during the last quarter. Finally, State Street Corp grew its holdings in BEST by 1.6% in the 2nd quarter. State Street Corp now owns 1,237,929 shares of the company’s stock valued at $2,204,000 after buying an additional 19,719 shares during the last quarter. 18.24% of the stock is currently owned by institutional investors and hedge funds.

About BEST (NYSE:BEST)

BEST, Inc is a holding company, which engages in the smart supply chain services. It operates through the following business segments: Express Delivery, Freight Delivery, Supply Chain Management, Global Logistics Services, Ucargo Services, and Capital Services. The company was founded by Shao Ning Chou in 2007 and is headquartered in Hangzhou, China.

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