China Auto Logistics (CALI) Lifted to “Buy” at ValuEngine

China Auto Logistics (NASDAQ:CALI) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

China Auto Logistics (CALI) remained flat at $$3.48 during mid-day trading on Friday. The company had a trading volume of 38,532 shares, compared to its average volume of 141,734. China Auto Logistics has a twelve month low of $1.30 and a twelve month high of $4.69.

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

In other news, major shareholder Praise Enterprises Ltd Bright bought 1,612,000 shares of the stock in a transaction dated Saturday, September 23rd. The stock was purchased at an average cost of $2.11 per share, for a total transaction of $3,401,320.00. Following the transaction, the insider now owns 4,840,394 shares of the company’s stock, valued at $10,213,231.34. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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China Auto Logistics Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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