China Auto Logistics (CALI) Upgraded to C- at TheStreet
Separately, ValuEngine upgraded China Auto Logistics from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
Shares of China Auto Logistics (NASDAQ CALI) traded up $0.12 during trading on Wednesday, reaching $3.50. The company’s stock had a trading volume of 21,900 shares, compared to its average volume of 223,782. China Auto Logistics has a fifty-two week low of $1.30 and a fifty-two week high of $4.69.
In related news, major shareholder Praise Enterprises Ltd Bright purchased 1,612,000 shares of China Auto Logistics 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 completion of the acquisition, the insider now directly owns 4,840,394 shares of the company’s stock, valued at $10,213,231.34. The acquisition was disclosed in a legal filing with the SEC, which is available at 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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