YGMZ Stock Dips 5.39% Amidst Mixed Freight Sector Performance

Oct 15, 2024

The stock of MingZhu Logistics (YGMZ, Financial) experienced a significant drop of 5.39%, trading at $1.14 with a volume of 22,048 shares. The turnover rate was 0.46% with a price fluctuation of 3.32%.

According to recent financial reports, MingZhu Logistics posted revenue of $89 million and a net profit of $365,091. However, the earnings per share stood at -$0.08, with a gross profit of $3.07 million, resulting in a price-to-earnings ratio of -0.38.

No current institutional ratings are available for MingZhu Logistics, with no "buy, hold, or sell" recommendations.

In the broader freight industry, there was an average decline of 0.38%. Among related stocks, Werner Enterprises and Knight-Swift Transportation Holdings Inc. showed notable gains. Active trading was observed in Knight-Swift Transportation Holdings Inc., Covenant Logistics Group, Inc., and MingZhu Logistics (YGMZ, Financial), with turnover rates of 0.48%, 0.48%, and 0.46%, respectively. Significant price fluctuations were also noted in MingZhu Logistics, Knight-Swift Transportation Holdings Inc., and Werner Enterprises, with amplitudes of 3.32%, 3.28%, and 3.05%.

MingZhu Logistics Holdings Ltd. is a company engaged in trucking services, owner services, and liquor distribution, with the majority of its revenue generated from its trucking segment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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