Steel Connect, Inc. (STCN, Financial) recently experienced a sharp decline in its stock price, dropping 5.47%. The stock is currently priced at $10.07 per share with a trading volume of 21,041 shares and a turnover rate of 0.33%, while the price fluctuation amplitude reached 5.12%.
The company's latest financial report shows it generated $43.86 million in revenue, with a net income of $17.54 million. Earnings per share stood at $2.73, and gross profit reached $12.12 million. It currently has a price-to-earnings ratio of 3.31. As of now, there are no institutional ratings offering a "buy," "hold," or "sell" recommendation for the stock.
In the wider transportation and logistics sector where Steel Connect operates, there was a modest overall decline of 0.02%. Stocks related to this sector saw variable activity. Notable gainers include Lakeside Holding Limited, Yingxi Group, and Singularity Future. Active stocks in terms of turnover included Fuwei Transportation, Pitney Bowes, and Kerry Logistics Network, with turnover rates of 0.86%, 0.43%, and 0.40%, respectively. Significant stock fluctuations were observed in Singularity Future, Cryoport, Inc., and Armlogi Holding Corp., with amplitudes of 9.70%, 7.55%, and 6.64%, respectively.
Steel Connect, Inc. is a diversified holding company with operations in direct marketing and supply chain services. The majority of its revenue is derived from the United States, although it also has business operations in China, the Netherlands, and other regions. The company serves various industries such as consumer electronics, communications, computing, software, storage, and retail.
