China Auto Logistics (CALI) Upgraded to C- by TheStreet

China Auto Logistics (NASDAQ:CALI) was upgraded by equities research analysts at TheStreet from a “d” rating to a “c-” rating in a research note issued to investors on Wednesday.

Separately, ValuEngine upgraded shares of China Auto Logistics from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

China Auto Logistics (NASDAQ:CALI) opened at $3.50 on Wednesday. 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) EPS for the quarter. China Auto Logistics had a negative return on equity of 5.38% and a negative net margin of 0.26%. The firm had revenue of $125.23 million for the quarter. During the same period in the previous year, the business earned ($0.05) EPS.

In other news, major shareholder Praise Enterprises Ltd Bright purchased 1,612,000 shares of the stock in a transaction on Saturday, September 23rd. The stock was bought at an average price of $2.11 per share, for a total transaction of $3,401,320.00. Following the acquisition, the insider now directly owns 4,840,394 shares of the company’s stock, valued at approximately $10,213,231.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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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.

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