Steel Connect, Inc. (STCN, Financial) experienced significant stock volatility, with a sharp decline of 6.22%. The stock is currently trading at $9.95 per share. The trading volume reached 2,825 shares, reflecting a turnover rate of 0.04% and a price fluctuation rate of 9.33%.
The latest financial report reveals that Steel Connect, Inc. reported revenues of $43.86 million, a net profit of $17.54 million, and an earnings per share of $2.73. The company's gross profit stood at $12.12 million, with a price-to-earnings ratio of 3.19. As of now, no institutional ratings are available regarding the buy, hold, or sell recommendations for STCN.
Within the transportation and logistics industry, where Steel Connect operates, the sector saw an overall increase of 0.57%. Key performers include Lakeside Holding Limited, Shengfeng Logistics, and Flash Delivery, which recorded significant gains. Active stocks in the sector include Fullwo Transport, Singularity Future Technology, and Gxo Logistics, Inc., with turnover rates of 1.55%, 0.69%, and 0.60% respectively. Stocks with notable price fluctuations included Armlogi Holding Corp., Singularity Future Technology, and Steel Connect, each experiencing volatility rates of 10.19%, 10.18%, and 9.33% respectively.
Steel Connect, Inc. is a diversified holding company with operations in direct marketing and supply chain sectors. It primarily earns revenue from its direct marketing segment. The company serves a diverse range of industries, including consumer electronics, communications, computing, software, storage, and retail, with significant income generated from the U.S., along with operations in regions such as China and the Netherlands.
