Sino-Global Shipping America (SINO) Rating Reiterated by Maxim Group

Sino-Global Shipping America (NASDAQ:SINO)‘s stock had its “buy” rating reissued by investment analysts at Maxim Group in a note issued to investors on Thursday. They currently have a $1.75 price objective on the transportation company’s stock. Maxim Group’s price target would suggest a potential upside of 94.44% from the company’s previous close.

The analysts wrote, “Sino-Global (SINO) reported F2Q19 results with its core growth segment, the freight logistics business, increasing revenue by 150% y/y to $9M, and the expanded container trucking services business continues to ramp with revenues increasing 79% y/y to $0.2M.””

Separately, ValuEngine downgraded shares of Sino-Global Shipping America from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd.

Sino-Global Shipping America stock opened at $0.90 on Thursday. Sino-Global Shipping America has a twelve month low of $0.75 and a twelve month high of $2.23.

Sino-Global Shipping America (NASDAQ:SINO) last posted its quarterly earnings results on Wednesday, February 13th. The transportation company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). The business had revenue of $10.52 million during the quarter. Sino-Global Shipping America had a negative return on equity of 16.89% and a negative net margin of 11.02%.

Sino-Global Shipping America Company Profile

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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