Sino-Global Shipping America (NASDAQ:SINO) Share Price Crosses Above 200 Day Moving Average of $0.64

Sino-Global Shipping America, Ltd. (NASDAQ:SINO)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.64 and traded as high as $2.21. Sino-Global Shipping America shares last traded at $2.16, with a volume of 37,963 shares changing hands.

Separately, ValuEngine lowered Sino-Global Shipping America from a “buy” rating to a “hold” rating in a report on Wednesday, July 8th.

The business has a fifty day moving average price of $1.35 and a 200 day moving average price of $0.64. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.02.

Sino-Global Shipping America (NASDAQ:SINO) last issued its quarterly earnings results on Monday, July 6th. The transportation company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.28). The firm had revenue of $1.35 million during the quarter. Sino-Global Shipping America had a negative net margin of 114.87% and a negative return on equity of 58.17%.

An institutional investor recently raised its position in Sino-Global Shipping America stock. UBS Group AG lifted its stake in Sino-Global Shipping America, Ltd. (NASDAQ:SINO) by 211.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,654 shares of the transportation company’s stock after acquiring an additional 69,024 shares during the quarter. UBS Group AG owned approximately 2.73% of Sino-Global Shipping America worth $62,000 as of its most recent SEC filing.

Sino-Global Shipping America Company Profile (NASDAQ:SINO)

Sino-Global Shipping America, Ltd. provides shipping and freight logistics integrated solution in the United States, the People's Republic of China, Hong Kong, Australia, and Canada. Its services include inland transportation management, freight logistics, container trucking services, and bulk cargo container services.

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