Sino-Global Shipping America, Ltd. (NASDAQ:SINO) announced its earnings results on Monday. The company reported $0.11 earnings per share (EPS) for the quarter. Sino-Global Shipping America had a negative net margin of 22.94% and a negative return on equity of 20.35%. The company had revenue of $2.10 million for the quarter, compared to analyst estimates of $1.60 million.
Sino-Global Shipping America (NASDAQ:SINO) opened at 4.70 on Tuesday. The stock’s 50 day moving average is $3.06 and its 200-day moving average is $2.29. The firm’s market capitalization is $38.92 million. Sino-Global Shipping America has a 12 month low of $0.40 and a 12 month high of $14.20.
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In other news, COO Zhi Kang Huang sold 90,000 shares of Sino-Global Shipping America stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $2.84, for a total value of $255,600.00. Following the completion of the sale, the chief operating officer now owns 80,000 shares in the company, valued at approximately $227,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lei Cao sold 15,000 shares of Sino-Global Shipping America stock in a transaction on Monday, November 28th. The shares were sold at an average price of $4.25, for a total transaction of $63,750.00. Following the completion of the sale, the chief executive officer now owns 1,615,040 shares of the company’s stock, valued at approximately $6,863,920. The disclosure for this sale can be found here. Insiders sold a total of 120,000 shares of company stock valued at $375,750 in the last quarter. 16.54% of the stock is currently owned by company insiders.
About Sino-Global Shipping America
Sino-Global Shipping America, Ltd. is a non-asset-based global shipping and freight logistic integrated solution provider. The Company provides solutions and value added services to its customers in the shipping and freight logistic chain sector. The Company’s segments include Shipping Agency and Ship Management Services; Shipping & Chartering Services, and Inland Transportation Management Services.
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