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.
COPYRIGHT VIOLATION NOTICE: “China Auto Logistics (CALI) Upgraded by TheStreet to C-” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://transcriptdaily.com/2017/12/08/china-auto-logistics-cali-upgraded-by-thestreet-to-c.html.
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.
Receive News & Ratings for China Auto Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Auto Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.