BEST (BEST) to Release Earnings on Tuesday

BEST (NYSE:BEST – Get Rating) will release its earnings data after the market closes on Tuesday, May 30th. BEST has set its FY 2023 guidance at EPS.

BEST (NYSE:BEST – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported ($2.52) earnings per share (EPS) for the quarter. The firm had revenue of $287.28 million for the quarter. BEST had a negative return on equity of 116.29% and a negative net margin of 18.16%.

BEST Price Performance

BEST stock opened at $2.79 on Tuesday. The stock has a 50-day moving average price of $2.88 and a two-hundred day moving average price of $2.76. The stock has a market cap of $55.47 million, a PE ratio of -0.26 and a beta of 1.01. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. BEST has a 1 year low of $2.00 and a 1 year high of $6.30.

Hedge Funds Weigh In On BEST

A number of large investors have recently added to or reduced their stakes in BEST. State Street Corp boosted its holdings in shares of BEST by 10.0% during the first quarter. State Street Corp now owns 44,448 shares of the company’s stock worth $35,000 after acquiring an additional 4,026 shares during the period. Jane Street Group LLC grew its stake in shares of BEST by 155.9% during the second quarter. Jane Street Group LLC now owns 64,195 shares of the company’s stock worth $76,000 after buying an additional 39,106 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of BEST during the first quarter worth $59,000. Ergoteles LLC bought a new stake in shares of BEST in the first quarter worth $74,000. Finally, Virtu Financial LLC grew its stake in shares of BEST by 291.8% in the first quarter. Virtu Financial LLC now owns 124,277 shares of the company’s stock worth $80,000 after purchasing an additional 92,560 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

About BEST

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