China Auto Logistics Inc. (CALI) Announces Earnings Results
China Auto Logistics Inc. (NASDAQ:CALI) released its quarterly earnings results on Tuesday. The company reported ($0.23) earnings per share (EPS) for the quarter, RTT News reports. China Auto Logistics had a negative return on equity of 2.34% and a negative net margin of 0.13%. During the same quarter in the prior year, the company earned ($0.05) earnings per share.
China Auto Logistics (NASDAQ:CALI) opened at $3.19 on Wednesday. China Auto Logistics has a one year low of $1.30 and a one year high of $4.69.
In other China Auto Logistics news, major shareholder Praise Enterprises Ltd Bright bought 1,612,000 shares of the firm’s stock in a transaction on Saturday, September 23rd. The stock was acquired at an average price of $2.11 per share, with a total value of $3,401,320.00. Following the completion of the purchase, the insider now owns 4,840,394 shares of the company’s stock, valued at $10,213,231.34. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
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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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