The stock of MingZhu Logistics (YGMZ, Financial) experienced significant movement with a 5.33% increase in its price. The stock is currently trading at $1.58 per share with a trading volume of 36,193 shares, a turnover rate of 0.76%, and a price fluctuation of 7.43%.
According to recent financial reports, MingZhu Logistics generated $89 million in revenue but posted a net profit of only $365,091, translating to an earnings per share of -$0.08. The company reported a gross profit of $3.07 million and has a negative price-to-earnings ratio of -0.51.
Currently, there are no institutional ratings offering buy, hold, or sell recommendations for this stock. Within the freight industry, where MingZhu Logistics operates, the overall decline was 1.07%. However, MingZhu Logistics, along with Global Logistics Properties and Rxo, Inc., recorded notable gains. Active stocks in the sector included MingZhu Logistics, Werner Enterprises, and Saia, Inc., with turnover rates of 0.76%, 0.43%, and 0.43% respectively. Stocks with significant price fluctuations included MingZhu Logistics, Global Logistics Properties, and P.A.M. Transportation Services, Inc., with amplitude changes of 7.43%, 4.15%, and 2.80% respectively.
MingZhu Logistics Holdings Limited is a holding company that provides truck transportation services and owner services, with business segments in trucking, owner services, and liquor distribution. The majority of its revenue comes from the trucking segment.
