China Auto Logistics (CALI) Upgraded by TheStreet to C-

TheStreet upgraded shares of China Auto Logistics (NASDAQ:CALI) from a d rating to a c- rating in a research report sent to investors on Wednesday.

Separately, ValuEngine raised China Auto Logistics from a hold rating to a buy rating in a report on Friday, December 1st.

China Auto Logistics (NASDAQ CALI) traded up $0.12 during mid-day trading on Wednesday, hitting $3.50. The stock had a trading volume of 21,900 shares, compared to its average volume of 223,782. China Auto Logistics has a 52 week low of $1.30 and a 52 week high of $4.69.

China Auto Logistics (NASDAQ:CALI) last released its earnings results on Tuesday, November 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $125.23 million during the quarter. China Auto Logistics had a negative net margin of 0.26% and a negative return on equity of 5.38%. During the same period in the previous year, the company posted ($0.05) earnings per share.

In other news, major shareholder Praise Enterprises Ltd Bright acquired 1,612,000 shares of the company’s stock in a transaction that occurred on Saturday, September 23rd. The shares were acquired at an average price of $2.11 per share, for a total transaction of $3,401,320.00. Following the completion of the purchase, the insider now owns 4,840,394 shares in the company, valued at $10,213,231.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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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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