Headlines about China Auto Logistics (NASDAQ:CALI) have trended positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Auto Logistics earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.3854933314327 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
China Auto Logistics (NASDAQ CALI) traded up 6.60% during trading on Friday, reaching $2.88. 272,992 shares of the company were exchanged. China Auto Logistics has a one year low of $1.30 and a one year high of $4.69. The firm’s 50-day moving average is $2.15 and its 200 day moving average is $2.24. The company’s market capitalization is $11.62 million.
Separately, ValuEngine upgraded shares of China Auto Logistics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th.
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In other China Auto Logistics news, major shareholder Praise Enterprises Ltd Bright purchased 1,612,000 shares of the firm’s stock in a transaction on Saturday, September 23rd. The shares were purchased at an average cost of $2.11 per share, with a total value of $3,401,320.00. Following the completion of the purchase, the insider now owns 4,840,394 shares of the company’s stock, valued at approximately $10,213,231.34. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
About China Auto Logistics
China Auto Logistics Inc, formerly Fresh Ideas Media, Inc is engaged in providing imported automobile sales and trading service, and a Web-based automobile sales and trading information platform to its customers. The Company operates through four segments: sales of automobiles, financing services, airport auto mall automotive services and other services.
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